Down once again

  • Total rig count 502 vs 514. Down 12 in the current week.
  • Oil rigs 400 vs 413 last week. Down 13 in the current week
  • Gas rigs 102 vs 101 last week. Up 1 in the current week.

This is the 10th consecutive decline.

The oil rig count is the lowest since December 2009.