Analysis
April 10, 2015
Rig Count Now Down to August 2009 Levels
Written by Brett Linton
According to Baker Hughes data from April 2nd, 2015, the U.S rig count for the week was 988 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back in late-August 2009 at 968 rigs.
This week’s total rig count is down 40 rigs when compared to last week, with oil rigs down 42 to 760 rigs, gas rigs up 3 to 225 rigs, and miscellaneous rigs down 1 to 3 rigs. Compared to this time last year, the 988 count is down 843 rigs, with oil rigs down by 757, gas rigs down by 85, and miscellaneous rigs down by 1.
