Shifts run contrary to established trends
Drilling activity bucked the historical trend this week, with unusual activity shifts according to Baker Hughes’ Weekly Rig Count.

A net two wells shut down this week, leaving 1,052 rigs still operating. The current activity level appears to be at a rough equilibrium, and it has held steady around 1,050 rigs since early May. the rig count has shifted within a narrow band since then and has shown the most consistency since before the downturn.

Unusually, however, the only rig type to see an increase in activity was offshore rigs, as three came online. Three land-based rigs and two inland waters shut down this week, me3aning there are currently 1,026 land, three inland waters and 23 offshore ri...

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