Rigs by Oil Play
Oil Rigs Reach New Five-Year Low
A few months ago, speculation of a rig count trough offered promise of the oil industry bottoming out. Since then, oil prices seem to have stabilized, but rig counts are a different story.

The number of running domestic rigs fell for the sixth straight week on October 2, 2015, reaching 809. Of the 29 rigs set down in the fleet, 26 were oil-focused. Eight of the rigs were running in Oklahoma, dropping the Sooner State below the century mark for the first time since December 2009. Texas lost ...

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