Industry at a glance ///

At the beginning of 2009, the steep decline of US workover and rotary rigs continued. The US workover rig count fell to 2,152, down 13% from 2,476 in January 2008. Rotary rigs running in the US fell to 1,553, down 11% from 1,749 in January 2008. However, despite the falloff in US rigs, the international rotary rig count has remained relatively stable at 1,515 in January 2009, down only 7% from 1,640 in January 2008.

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