US rig counts drop for the second week in a row

The number of active rotary drilling rigs in the US fell for the second week in a row, according to the weekly rig report from oilfield services firm Baker Hughes Inc.
The number of rigs actively drilling onshore the US dropped by seven this week, which added to the decline of 17 last week, equals a total of 24 less rigs working onshore the US in February.
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Source: Penn Energy