US rig count drops 7 to 443, an all-time low

April 15, 2016

The number of rigs exploring for oil and natural gas in the U.S. dropped by seven the week ending April 8 to 443, another all-time low amid depressed energy industry prices.
A year ago, 988 rigs were active.
Houston oilfield services company Baker Hughes Inc. said 354 rigs were drilling for oil an…

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