At 374, US rig count sets new record low
Kristen Nelson Petroleum News
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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