Rig counts fell this month in response to these depressed gas prices.

FORBES: Energy XXI Coins Money Reworking Old Exxon Mobil Wells

Within North America, the rig count has continued to increase over the past few month although oil and gas prices have remained weak.

FORBES: Halliburton Reports Earnings On Monday, Stock On Way To $59

Below is a three month price history chart comparing the stock performance of RIG, versus HES and EOG.

FORBES: Transocean Shares Enter Oversold Territory

Below is a three month price history chart comparing the stock performance of RIG, versus UNT and XCO.

FORBES: RIG Stock Crowded With Sellers

Earlier in the month, Cameron (CAM), which made the blowout-preventer used on the rig, settled with BP for claims related to the incident.

FORBES: Daily Wrap

On May 27, President Barack Obama ordered a six-month offshore drilling moratorium in the wake of the April explosion and sinking of the Deepwater Horizon rig, which killed 11 workers and started oil gushing into the Gulf.

WSJ: Drilling Rules Hit Alaska Pipeline