Baker Hughes Rig Counts for Sept Continue to Drop Across US & in NE

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trending-down.jpgOilfield service giant Baker Hughes released their venerable monthly rotary rig count report yesterday for September 2015. After posting gains in the overall land-based U.S. rig count number for two straight months in July and August, the September numbers dropped like a rock. September U.S. active land-based rigs averaged 848, down 35 from the average of 883 in August and down 18 from July's average of 866. Rig counts for the Marcellus/Utica also continued to drop, showing another four rigs were idled during September across the combined PA/OH/WV. It's getting bloody out there...

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