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ENERGY: US Oil and Gas Rigs Down 1 on Week at 584: Baker Hughes

ENERGY

US total oil and gas rig count was down 1 on the week at 584 rigs, according to Baker Hughes, the lowest since Sep. 6.

  • This puts total US oil and gas rigs down by 34 rigs, or 5.5%, on the year.
  • See breakdown by type and week on week change:
  • Oil:478 (-1) -down 22 rigs, or 4.4% on the year.
  • Gas: 101 (-1) – down 13 rigs, or 11.4% on the year
  • Miscellaneous: 5 (+1) – up 1 on year
  • Canada: 200 (-7) – up 4 on the year
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US total oil and gas rig count was down 1 on the week at 584 rigs, according to Baker Hughes, the lowest since Sep. 6.

  • This puts total US oil and gas rigs down by 34 rigs, or 5.5%, on the year.
  • See breakdown by type and week on week change:
  • Oil:478 (-1) -down 22 rigs, or 4.4% on the year.
  • Gas: 101 (-1) – down 13 rigs, or 11.4% on the year
  • Miscellaneous: 5 (+1) – up 1 on year
  • Canada: 200 (-7) – up 4 on the year