Koil Energy Solutions Inc. (KLNG)

[RichieRich49]

Fred, the rig count is at 975 which is down 50% from last summer. The deep offshore rig utilization rate went down from 80% to 60% during the same period. This is according to Halliburton management and Baker Hughes official rig counts.

There are some bright spots worldwide such as Brazil and West Africa, but the good 'ol USA is hurting.

This is exactly why Halliburton opened a second corporate office in Dubai last year and DPDW setup a shell company for future international acquisitions recently. Overseas is where the action is right now unless Washington does an about face and supports increased offshore drilling.