Today's rig count numberAs you can see the rig count continues to come down (-34 today), - in spite of a higher crude price. We will likely continue to see further attrition until such time as WTI hits the $65.00 level. Don’t expect the weekly numbers to match those earlier big reductions, but they ain’t to be sneezed at either. In aggregate, the number of all land based oil and gas directed rigs (lower 48), now sits at 951, down 49.2% from its 1930 high. And for the present at least, there doesn’t seem to be any suggestion of a change in this downward momentum.