US fleet stabilizes as activity rebounds

The total available rig count was effectively a wash for 2010 despite a dynamic US rig fleet, according to NOV Downhole’s 57th annual rig census (previously known as the ReedHycalog rig census). Newly manufactured and refurbished units were offset by many retiring and dormant rigs over the past year, bringing an end to the last few years’ overall swell in US rigs.

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