- The U.S. oil rig count resumes its slide, as producers idled another 26 rigs this week to 734, according to the latest survey from Baker Hughes (BHI).
- The oil rig count is now down 55% from its peak of 1,609 in late October 2014.
- Natural gas rigs fell by eight to 217, sending the U.S. combined count of oil and gas rigs down by 34 to stand at 954.
- Texas lost 15 units to 412, down 494 since the Nov. 21 peak, Oklahoma lost six units to 118, and North Dakota shed five to 83.
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