Industry at a glance ///

In February, US workover and US rotary rigs continued to freefall. The US workover rig count fell to 1,947, down 20.7% from 2,455 in February 2008 and down 9.5% from 2,152 the previous month. Rotary rigs running in the US fell to 1,320, down 25% from 1,765 in February 2008 and down 15% from 1,553 the previous month. Despite the falloff in US rigs, the international rotary rig count remained stable at 1,530 in February.