Green Touch Builders | Colorado drilling rig count down 48% from October, says IHS
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March 24, 2015 By SEO Admin

Colorado drilling rig count down 48% from October, says IHS

The number of oil and gas drilling rigs in operation in Colorado continues to drop amid low energy commodity prices, and planned capital spending by energy companies also is on a downward trend.

A report Monday from IHS Global Insight — a unit of Douglas County-based global analysis company IHS Inc. — says the rig count in the state has dropped from 75 on Oct. 31 to 39 as of March 6, a 48 percent drop.

That compares to a 39 percent drop in rig count nationwide over the same period, from 1,876…