US rig count continues down: new low 339
The count of rotary rigs drilling in the U.S., issued weekly by Baker Hughes since 1944, reached a new low of 339 for the week ending May 15. The May 8 count, 374, had broken the old low record of 404 set in May 2016.
The May 15 count was down 35 from the previous week and down 648 from a year ago....
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