Horizontal rig count dives to five-year low
Published: Friday, 20 March 2015
Horizontal rigs lead overall fall with oil exploration on clear downward trend.
The horizontal drill rig count in the US continued to follow
its recent sharp downward trajectory in the first half of March
2015, with the total number of horizontal drilling rigs falling
by 51 to 895 — the lowest level since mid-2010.
Associated most strongly with oil and gas exploration...