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Baker Hughes rig count report for the week ended March, 6, 2015.

The Baker Hughes (ticker: BHI) rig count for the week ended March 6, 2015, reports a total number of rigs in the United States of 1,192, down 75 from last week’s total of 1,267. The decline represents a 6% week-over-week decrease and approximately an 18% decrease from the beginning of last month when the total U.S. rig count numbered 1,456. The amount of active rigs has fallen 23% since the beginning of this year.

A press release from BHI said that while the U.S. rig count was down, the international rig count for February 2015 increased by 17 to 1,275 overall, compared to 1,258 in January 2015. The latest number is still 66 rigs short of the 1,341 international rigs counted in February 2014. The international offshore rig count for February 2015 was 324, up 10 from 314 in January of this year, and up 6 from the 318 operating in February 2014.

The worldwide rig count for February 2015 was 2,986, down 323 from 3,309 in January 2015, and down 750, or 20%, from the 3,736 rigs counted in February 2014.

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.