Over the last two weeks, the state has lost 74 drilling rigs. Most of that loss has come from the Permian Basin and the Eagle Ford Shale.
In the last two weeks, the Permian Basin has lost 37 rigs, bringing its rig count to 399. The Eagle Ford, meanwhile, lost 15 rigs, lowering its total to 185.
The Granite Wash in the Panhandle is down seven rigs, leaving 23 rigs working in that field last week.
West Texas Intermediate closed just above $50 per barrel on Jan. 5 and has been below $50 since.
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