Another week, another rig count to share with you. As we often point out, rig counts go up and down each week, so it’s good not to get too wrapped up in the “up one week down the next” narrative. After the rig count crashed to historic, all-time lows last year (due to the pandemic and price war from Russia and Saudi Arabia), we began to report more frequently on the rig count. It has become an early indicator for the pace of our country’s economic recovery.
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