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Will Rig Counts Affect WFT’s 3Q16 International Revenues?

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Revenue from international operations

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International rig count

By September 30, international rig counts fell 18% from a year ago. This fall was less than the US rig count fall, which nearly halved in the past year as of October 7. WFT is 0.05% of the iShares Russell Mid-Cap ETF (IWR). The energy sector makes up 6.4% of IWR.

Next, we’ll discuss Weatherford International’s revenue and earnings.

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