{"id":6255,"date":"2015-03-06T15:13:22","date_gmt":"2015-03-06T20:13:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6255"},"modified":"2015-03-06T15:13:22","modified_gmt":"2015-03-06T20:13:22","slug":"rig-count-decline-re-accelerates-to-2nd-biggest-drop-in-22-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6255","title":{"rendered":"Rig Count Decline Re-Accelerates To 2nd Biggest Drop In 22 Years"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-06\/rig-count-decline-accelerates-again-2nd-biggest-drop-22-years\" target=\"_blank\">Rig Count Decline Re-Accelerates To 2nd Biggest Drop In 22 Years<\/a><\/h3>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2015-02-27\/oil-prices-tumble-pace-rig-count-decline-slows\">Following last week&#8217;s slowing in the pace of rig count<\/a>, crude prices dropped and then spiked, and it makes today&#8217;s data under more scrutiny. At around $49.50, WTI prices have round-tripped back almost perfectly to the scene of the crime before today&#8217;s rig count data hit.\u00a0<strong>The total oil rig count dropped almost 6%, down 75 to 1,192<\/strong>\u00a0meaning a\u00a0<strong>re-acceleration of the rig count decline<\/strong>\u00a0and the\u00a0<strong>2nd biggest drop since 1993<\/strong>.<\/p>\n<ul>\n<li><strong>*U.S. TOTAL RIG COUNT -75 To 1,192 , BAKER HUGHES SAYS<\/strong><\/li>\n<li><strong>*U.S. OIL RIG COUNT -64 TO 922, BAKER HUGHES SAYS<\/strong><\/li>\n<\/ul>\n<p>2nd biggest rig count decline since 1993<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150306_rig2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150306_rig2.jpg\" alt=\"\" width=\"600\" height=\"303\" \/><\/a><\/p>\n<p>Total rig count has now dropped 38% in the last 13 weeks &#8211; just shy of the move in 2009&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rig Count Decline Re-Accelerates To 2nd Biggest Drop In 22 Years Following last week&#8217;s slowing in the pace of rig count, crude prices dropped and then spiked, and it makes today&#8217;s data under more scrutiny. At around $49.50, WTI prices have round-tripped back almost perfectly to the scene of the crime before today&#8217;s rig count [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[349,3966,588,2121,1644,2531],"class_list":["post-6255","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-gas","tag-gas-rig-count","tag-oil","tag-oil-rig-count","tag-rig-count","tag-us-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6255"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6255\/revisions"}],"predecessor-version":[{"id":6256,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6255\/revisions\/6256"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}