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US land rig count to bottom in late summer

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05 February 2015

US land rig count to bottom in late summer

Report summary

 Onshore drilling rigs are being stacked at an alarming rate.  January alone saw a decline in count by nearly 200 rigs to 1,616.  This is down from a peak of 1,859 as recently as November 2014.

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    US land rig count to bottom in late summer

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