For all of their promise, unconventional resource basins in the US are experiencing a shift in momentum. On Apr. 8, Baker Hughes Inc.’s rig count settled at 443-the lowest number on record since the company began releasing these data in 1949. This marked 31 of the last 33 weeks the rig count declined, bringing the total deficit to 1,477 units since Dec. 5, 2014.
Source: News