Drill rig count drops in North America in December 2014
Published: Friday, 09 January 2015
As anticipated, the drill rig count in the US fell in December. The precipitous rise of the US shale industry, in the face of oil price reductions, could be experiencing a reality check.
Drilling rig data released on Friday by
oilfield services firm Baker Hughes, which was recently
acquired by former rival Halliburton Co., revealed a drop
in the number of drilling rigs in North America in December
The US saw a drop of 43 drilling rigs compared to November,
while Canada observed...