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Rig Count Plunge Continues: Total Rigs Lowest Since March 2011, Fastest Drop Since 1986

Business & Finance : Zero Hedge

There was good and bad news for those oil bulls (and inversely, bears) in today just released Baker Hughes rig count. The good news - for the bulls - is that the rig collapse continues, with "only" 1,069 rigs currently operating, do...

WTI Extends Gains After US Oil Rig Count Plunges For 9th Week

Business & Finance : Zero Hedge

With inventories building, production limping lower, and prices tumbling (and spiking), Baker Hughes reported a 12 rig drop in the total rig count to 775 rigs (the 10th week without a rise in total rig count). However, the oil rig c...

Big Drop In Rig Count Points To Capitulation By U.S. Shale Drillers

Business & Finance : Forbes: Business

The big drop in rig count for the week that ended January 8, 2015 points to capitulation by U.S. shale drillers. The total land rig count fell by 37 rigs and the horizontal rig count fell by 30 rigs (Figure 1). Figure 1. U.S. shale ...

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News : Truthdig

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