U.S. drillers pull 28 oil rigs as rout deepens
HOUSTON – U.S. drillers pulled 28 oil-directed rigs from the field this week, according to the latest data from Baker Hughes.
Since the end of last year, drillers across the country have idled 97 oil rigs, with the Permian basin, Eagle Ford and Williston basin accounting for 40, 15 and 14 rigs, respectively.
Over the course of the past two weeks, 59 oil-directed rigs have been removed from service, with just 439 still seeking oil.
The total rig count dropped to 541 this week, with drillers shedding an additional two gas-directed rigs. The total is down 817 rigs from this time last year and 1,223 rigs from the same period in 2014.
