At 408 US rig count approaches record low
At a count of 408 for the week ending May 1, the U.S. drilling rig count is approaching the low of 404 it hit in May 2016.
Baker Hughes reported the 408 count for U.S. oil and gas drilling rigs, down from 465 from the week ending April 24 and down 582 from a year ago.
The count continues a recent....
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