Oil rigs in retreat as crude prices sink

Transocean and Halcon point to smaller fleets as the solution amid a higher flow from U.S. fields

By Collin Eaton and Rhiannon Meyers

November 10, 2014 | Updated: November 10, 2014 10:30pm

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By Collin Eaton and Rhiannon Meyers

November 10, 2014 | Updated: November 10, 2014 10:30pm

By land and by sea, companies wielding the hulking drilling machines that hunt for U.S. oil are starting to sound a retreat as the price of a barrel of crude wobbles in the high $70s.

Collin Eaton

Collin Eaton

Business Reporter, Houston Chronicle

Collin Eaton

Collin Eaton

Business Reporter, Houston Chronicle

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