One land, one offshore rig comes offline
Drilling activity declined slightly this week, the fifth week of minor changes in Baker Hughes’ Weekly Rig Count.

Two rigs shut down, bringing the total number of active rigs to 929. Land and offshore rigs each decreased by one, so there are now 909, 2 and 18 land, inland waters and offshore rigs currently drilling, respectively. While activity deceased slightly this week, drilling is much more extensive than at this point last year. The final week of 2016 saw 658 active rigs, meaning activity is up ...

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