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Horizontal Land Rig Count Summary 8th April 2016

Horizontal Land Rig Count Summary 8th April 2016

The U.S. horizontal land rig count fell by 5 to 341 and the total land rig count fell by 6 to 414.

The trend for tight oil is moving in the wrong direction gaining 5 rigs. The Bakken added 8 and the Permian basin lost 3 rigs.

The trend for shale gas is moving in the right direction losing 9 rigs. The Woodford lost 8 and the Haynesville lost 1.

By Art Berman for Oilprice.com

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