Rig count for the week ended February 20, 2015
The Baker Hughes rig count for the week ended February 20, 2015, shows that a further 48 rigs were laid down since the previous week. The United States total rig count this week is at 1,310, down 4% from a week ago.
The rig count is down 10% since the start of February when the total U.S. rig count was 1,456, and down 28% from 1,811 from the start of the year.
The 4% decline since the week ended February 13 represents the smallest decline thus far this year.
U.S. rig count since December 5, 2014 Source: Bloomberg
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