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Rig Count: Big Drop in Permian, Other Plays Continue Tapered Decline
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According to Baker Hughes' October 9, 2015 rig count report, rigs counts continued to decline in the U.S., while Canada posted a meager one rig gain.
The Permian fell by a further 10 rigs this week, well outpacing other plays. The Eagle Ford lost 2 rigs, while the Marcellus, Bakken, Miss Lime, and Utica all lost 1 rig.
The U.S. rig count dropped by 14 this week, which brings the total year-over-year (YOY) rig count drop to 1,135.
The current active rig count in the U.S. is 795.
- Niobrara +1, 27 total
- Barnett 0, 6 total
- Eagle Ford -2, 80 total
- Marcellus -1, 46 total
- Bakken -1, 65 total
- Utica -1, 20 total
- Permian -10, 235 total
- Woodford 0, 37 total
- Miss Lime -1, 13 total
Canada's rig count increased by one. The country's rig count has fallen by 240 rigs YOY with 180 rigs…
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