Horizontal rig count dives to five-year low

By James Sean Dickson
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...

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