Baker Hughes released their worldwide rig count report July 9, 2013, revealing the world rig count during June 2013 was down 5.9% to 3,277 rigs from a June 2012 levels of 3,484.
Additionally, U.S. rig count during June 2013 dropped by 10.7% from June 2012 levels.
Despite both U.S. and world rig count levels dropping, the foreign rig count (international rig count that excludes the U.S. and Canadian rig count) increased 3.7% during the same time frame.

Rigs drilling for oil internationally (excluding the U.S. and Canada) increased 2% while rigs...


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