US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows

Friday, January 9, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/09/2015

Just as T.Boone Pickens warned, US Rig Counts are plunging. Down by 61 this week alone – the biggest weekly drop in over 5 years – at 1,750, this is now the lowest since November 2013 (and very close the lowest since 2010). The 10% or so plunge in the last 7 weeks is following the same trajectory as the 2008 collapse – which led to – just as Pickens suggested – a 50% crash in rig counts…

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