US drilling activity continued to plummet the week ended Apr. 17—down 30 rigs to 975 working, compared with 1,743 drilling during the same period a year ago, said Baker Hughes Inc.
It marks the first time since the end of April 2003 that fewer than 1,000 rotary rigs were working in the US and its waters, and it is the lowest rig count since the week ended Apr. 2, 2003, when 972 rigs were drilling.
Source: Oil & Gas Journal