Sentences with phrase «rig count now»

The overall U.S. rig count now sits at 789, up 313 rigs from this time last year when the count stood at 476, the Houston - based oilfield services provider said.

Not exact matches

Coupled with ongoing declines in the North American rig count — U.S. crude production is now at a two - year low — this helped nudge prices up to levels not seen since July 2015.

NOW's Canadian segment was also significantly affected by the decline in that country's rig count.

Given that the rig count is a barometer for activity levels, it implies that NOW has outperformed its competitors during the downturn, likely by winning market share.

Even today, with prices below $ 50 per barrel, the rig count has been climbing for half a year, and now stands at 588 rigs as of last week, up almost 200 rigs from May.

The 14 - count indictment largely re-established what was already alleged in September's complaint; primarily that Kaloyeros and lobbyist Todd Howe, now a key witness, conspired to rig coveted state contracts for LPCiminelli and COR development companies in exchange for payments.

The reduction in rig count in the US will support upward pressure on price, but for now, OPEC is standing firm on its decision to maintain production levels.