U.S.: 90 RIGS DOWN
The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.
That total is the lowest since June 18, 2010, and 242 units fewer compared with this week a year ago. The count has now fallen in 9 consecutive weeks, losing 377 units during that time.
During the week, 86 of the rigs lost were land-based, which now totals 1,482. Offshore rigs dropped 5 units to 49. Rigs drilling in inland water edged up a unit to 12.
Oil rigs plummeted 94 units…
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