Rig count to see a slow, steady recovery
There were 1,623 rotary drilling rigs operating in the US at the beginning of 2009, which ended up being the highest rig count of the entire year. The number of working rigs fell by almost 50% in the first half of the year, reaching 876 in June, which was a 57% decrease from the 22-year high of 2,031 rigs achieved at the peak of 2008. After bottoming out in June, the rig count began a slow but steady recovery to end the year at 1,179. The 2009 average rig count of 1,143 was a 39% decrease from 2008’s average of 1,879.
Log in to view this article.
Not yet a subscriber? Find out more and subscribe today!
Already a subscriber but don’t have an online account? Contact our customer service.
*Access will be granted the next business day.
Connect with World Oil
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More
- Schroeder quits Rosneft job after pressure over Putin ties (5/20)
- ‘Hell no’: Finance firms tell Texas they don’t boycott energy (5/20)
- Woodside wins backing to buy BHP oil, gas amid climate backlash (5/19)
- Energy workforce council comments on DOI offshore lease plans, FERC’s approval of natural gas projects (5/19)
- Permian producer Centennial to buy Colgate for $2.5 billion (5/19)