The company also reported that the overall US rig count totaled 443, down by seven units from the previous week and an all-time low.
The current nationwide rig count is still less than half the prior-year level of 988. Notably, the count had peaked in 1981 to 4,530. Inversely, the previous all-time low was recorded at 488 during 1999. However, this was broken last month and subsequently the rig count has been touching new lows steadily.
