EOA Rig Count Report
MAIN TAKEAWAY
Most of the decline reported today by Baker Hughes in the oil-directed rig count was outside the major tight oil plays. It remains to be seen if the drop in the Permian was related to the change of locations or layoffs.
IN DETAIL
The total rig count decreased by 4 to 749, according to Baker Hughes, while gas rigs increased by 3 to 154.