As of this writing on August 15, the DrillingInfo Daily Rig Count has now dropped by 201 rigs since its most recent peak last November 8. That's a 17% decline, something the industry hasn't experienced in so few months since 2015. The question now becomes whether or not oil and gas producers need to idle even more rigs going forward in order to help keep prices propped up at semi-healthy levels. One of the industry's most prominent and vocal CEOs - Harold Hamm of Continental Resources CLR +0% - believes it does. Speaking at the Enercom Oil and Gas Conference in Denver on Tuesday, Hamm told the audience that domestic ... (full story)