A State-By-State Breakdown Of The US Oil Rig Drop

In the past couple of weeks, U.S. oil companies have shut down about 90 rigs — 61 last week, on top of 26 the week before, according to a report from Baker Hughes, an oil field service company. In some oil boom towns, the free fall in oil prices — to about $45 a barrel, from more than $100 during the summer — is starting to take a bite out of the economy in other ways, too, from less activity at bars and restaurants to a dip in real-estate prices, reports Voicativ.

Read more: http://www.vocativ.com/money/business/oil-prices-fall-lowest/#ixzz3OkLzNWcW
It's only the beginning.