The US drilling rig count dropped 41 units to 437 rigs, representing the 8th month of declines, according to Baker Hughes Inc. data.
The worldwide rig count for April was 1424, down 127 from March and down 844 year-over-year. Canada’s average April rig count was 41, a decline of 47 from March and down 49 year-over-year, the Oil & Gas Journal reports.
Latin America fell 15 units in April compared with March to average 203 rigs working, down 122 from April 2015. The Middle East dropped 13 units to 384, down 26 from April 2015.
Europe lost 6 units in April to 90, down 29 year-over-year. Asia-Pacific declined 4 units to average 179, down 49 year-over-year. Africa edged down a unit in April from March to average 90 rigs working, down 30 from April 2015.
