Count

The average count of U.S. active drilling rigs in March was 478, down a whopping 632 units from the 1,110 rigs that were running in March 2015, according to Baker Hughes Inc. (BHI).

The ongoing decline in active U.S. land rigs gathered pace again in the latest count by Baker Hughes Inc., with 14 units departing. However, along with a general slowing of declines in recent weeks comes talk by some analysts of what a comeback might look like.

The ongoing decline in active U.S. land rigs gathered pace again in the latest count by Baker Hughes Inc., with 14 units departing. Analysts are now talking about what a comeback might look like gas natural gas output declines are charted.

The United States saw the departure of four land-based rigs in the latest tally by Baker Hughes Inc., which was released on Friday. That was five natural gas rigs departing, offset by one returning oil-directed rig.

A 46-unit drop in the Canadian rig count helped drive the North American tally down by 59 in the latest count by Baker Hughes Inc. The start of an early spring break-up contributed to declines in Canada.

After threatening to do so for weeks, the U.S. natural gas-directed rig count breached the century mark in the latest tally from Baker Hughes Inc., which was released on Friday.

The tally of active U.S. land drilling rigs fell by 14 in the latest Baker Hughes Inc. count issued Friday, and analysts are expecting it to set a lower bottom than their previous calls.

The census of active U.S. natural gas rigs was still above 100 as of Friday, but oil-directed units lost ground again in the latest count.

The U.S. rig count has been falling so fast in recent weeks it’s hard to keep up. On Feb. 5 the count was 571; then it dropped to 541 the following week before coming to rest a week later at the current tally of 514, according to Baker Hughes Inc.