Shale Energy Business Briefing: December 30, 2014

By On December 31, 2014 9:32 am

By: Rick Stouffer, Senior Energy Editor, Shale Energy Business Briefing

Onshore Drilling Rigs Working in Lower 48 States Plunges, Baker Hughes Reports

The ongoing crude oil price debacle continues to weigh heavily on the number of onshore working rigs in the Lower 48 States, new data from oilfield services firm Baker Hughes indicates.

Since Dec 5, the number of working rigs in the Lower 48 States has fallen by 78.

Baker Hughes’ latest weekly rig survey shows a sharp 35-rig drop for the week ended Dec 26, to 1,759, from the previous week’s 1,794-rig total, Shale Energy Business Briefing (SEBB) finds.

Sixteen areas surveyed by Baker Hughes reported a week-over-week drop in working rigs, while seven reported an increase in working rigs, and 11 areas were unchanged.

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