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ENERGY: US Oil and Gas Rigs Down 2 on Week at 588: Baker Hughes

ENERGY
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US total oil and gas rig count was down 2 on the week at 588 rigs, according to Baker Hughes, 

  • This puts total US oil and gas rigs down by 42 rigs, or 6.7%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 488 (=) -down 19 rigs, or 3.7% on the year.
  • Gas: 96  (-1) – down 22 rigs, or 18.6% on the year
  • Miscellaneous: 4 (-1) – down 1 on year
  • Canada: 211 (-7) – up 21 the year
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US total oil and gas rig count was down 2 on the week at 588 rigs, according to Baker Hughes, 

  • This puts total US oil and gas rigs down by 42 rigs, or 6.7%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 488 (=) -down 19 rigs, or 3.7% on the year.
  • Gas: 96  (-1) – down 22 rigs, or 18.6% on the year
  • Miscellaneous: 4 (-1) – down 1 on year
  • Canada: 211 (-7) – up 21 the year