U.S. rig count down 40 from the start of the year
The number of rigs drilling in the United States plummeted along with crude oil prices from the end of 2014 through the first half of this year. Lower prices made many hydrocarbon resources in the ground uneconomical to produce, reducing the demand for rigs. As prices have recovered, the rig count has returned to 658, just 6% lower than where it started in 2016.

Baker Hughes Rig Count Jan. 1 - Dec. 30, 2016

The U.S. rig count was up five rigs from last week in Baker Hughes’ (ticker: BHI) ...

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