Bakken active drill rigs down 80%

[Sparty]

The Bakken leads all regions in terms of rig count decline at 82% vs. peak.

Read article: http://www.ugcenter.com/hunker-down-bakken-drillers-shut-operations-demand-vanishes-840136

[Sparty]

The latest figures from the Baker Hughes Inc. (NYSE: BHI) weekly rig count show only 443 rigs were pumping in the U.S. this week. Although the count is down seven from last week's tally, it is down 545 from the 988 rigs that were operating about this time a year ago.

For the week ending April 8, the U.S. oil rig count dropped by eight to 354, while gas rigs inched up by one to 89, according to Baker Hughes. The U.S. offshore rig count stood at 25, down one from last week and down eight year-over-year.

Baker Hughes said the worldwide rig count is also down. The global tally was 1,551 for March, down 210 from the 1,761 counted in February. The March figure is down from 2,557 counted in March 2015, according to the report.


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