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ENERGY: US Oil and Gas Rigs Stable on Week at 585: Baker Hughes

ENERGY
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US total oil and gas rig count was unchanged on the week at 585 rigs, according to Baker Hughes.

  • This puts total US oil and gas rigs down by 40 rigs, or 6.4%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 480 (-2) -down 24 rigs, or 4.8% on the year.
  • Gas: 101 (2) – down 16 rigs, or 13.7% on the year
  • Miscellaneous: 4 (=) – unchanged on year
  • Canada: 216 (-1) – up 20 rigs on the year
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US total oil and gas rig count was unchanged on the week at 585 rigs, according to Baker Hughes.

  • This puts total US oil and gas rigs down by 40 rigs, or 6.4%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 480 (-2) -down 24 rigs, or 4.8% on the year.
  • Gas: 101 (2) – down 16 rigs, or 13.7% on the year
  • Miscellaneous: 4 (=) – unchanged on year
  • Canada: 216 (-1) – up 20 rigs on the year