Baker Hughes oil rig count week ending 18 March 2016
- Total rig counts 476 vs 480 prior
- Rotary rigs 89 vs 94 prior
- Nat gas 94 unch
Not much to write home about. WTI has dipped back below $40 to $39.75
Baker Hughes oil rigs
Update: Perhaps the bigger news is the Canadian numbers. It's being reported that the oil rig count is down over 50% to 12 from 28 while total rigs fell 29 to 69.