rig count - What We're Reading - StockBuz2024-03-28T16:39:25Zhttp://stockbuz.ning.com/articles/feed/tag/rig+countRig Counts Continue Their Plummethttp://stockbuz.ning.com/articles/rig-counts-continue-their-plummet2015-01-23T18:49:12.000Z2015-01-23T18:49:12.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291218?profile=original"><img class="align-left" src="http://storage.ning.com/topology/rest/1.0/file/get/1291166?profile=original" height="345" width="449"></a>As the latest Baker Hughes rig count continues to plummet with the collapse in oil pricing some are still trying to catch a bottom.</p>
<p>Total Rigs down to 1633<br> Down -43 or -2.6% compared to last week<br> Down -144 or -8.1% year-over-year</p>
<p>Gas seems to be shuttering more than oil and inland waters more than land or offshore.</p>
<p>With many pundits forecasting crude to remain low for a few years (barring disruption in supply) this will be interesting to monitor going forward.<a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291189?profile=original"><img class="align-right" src="http://storage.ning.com/topology/rest/1.0/file/get/1291189?profile=RESIZE_320x320" width="300"></a></p>
<p>With Schlumberger (SLB) to layoff 9000 and Baker Hughes (BHI) to layoff another 7000, this is only the tip of the iceberg.</p>
<p>Data courtesy of <a href="http://gis.bakerhughesdirect.com/Reports/StandardReport.aspx" target="_blank">Baker Hughes</a></p>
<p>Click charts to enlarge</p>
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