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Rig Count: Horizontal Rigs Down by -1; Vertical Drop by -5

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   |    Friday,May 20,2016

This week, U.S. rig counts declined by -2 overall, while Canada posted a gain of +1. In April 2016, the International market lost -39.

This week, horizontal rigs declined by -1 to 314 while vertical rig counts lost -5, ending at 48.

Two plays posted gains this week. The Permian added +3 rigs (137 total) and the DJ Basin / Niobrara added +1 (13 total).

For the U.S., the total year-over-year (YOY) rig count drop is now at -481. The current active rig count in the U.S. is 404.

Canada's rig count increased by +1. The country's rig count has fallen by -28 rigs YOY with 44 rigs currently active.

On the International front, rig counts dropped by -39 in April of this 2016, with 946 rigs currently active (a loss of -256 YOY).

- Niobrara +1, 13 total

- Barnett -3, 2 total

- Eagle Ford -2, 31 total

- Marcellus 0, 26 total

- Bakken -1, 23 total

- Utica 0, 10 total

- Permian +3, 137 total

- Woodford +2, 32 total

- Miss Lime -2, 3 total

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