At 374, US rig count sets new record low
The count of rotary rigs drilling in the U.S., issued weekly by Baker Hughes since 1944, bottomed out the week ending May 8 at 374. The previous low count, 404, was in May 2016.
The May 8 count was down 34 from 408 the previous week and down 614 from a year ago.
The count continues a recent steep....
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