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10 Jan
18:15

US rigs drop, Canada up sharply

The US rig count fell by double-digits in the week ended 10 January, while the Canadian rig count experienced a major rebound, Kallanish learns from energy services company Baker Hughes.  The US rig count fell by 15 net rigs to 781, down 294 from the equivalent count last year.  Rigs geared for oil production fell by 11, while rigs geared for natural gas production fell by four.  Texas led the notable losses by state with seven, while Oklahoma and…
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