Uglier…U.S. Rig Count Drops Another 12 Rigs, M-U Drops 3 More Rigs

It’s getting even uglier out there. For the sixth week in a row and the 15th of the last 16 weeks, the U.S. active rig count lost rigs. A lot of rigs. Last week the number decreased by a whopping 12 rigs after falling by five rigs per week for the three weeks prior. The…

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