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ENERGY: US Oil and Gas Rigs Up 1 on Week at 586: Baker Hughes

ENERGY

US total oil and gas rig count was up 1 on the week at 586 rigs, according to Baker Hughes, the first weekly rise since the week ending Sep. 13.

  • This puts total US oil and gas rigs down by 36 rigs, or 5.8%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 481 (+2) -down 20 rigs, or 4.0% on the year.
  • Gas:  101 (-1) – down 16 rigs, or 13.7% on the year
  • Miscellaneous: 4 (=) – unchanged on year
  • Canada:  219 (-4) – up 26 rigs on the year
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US total oil and gas rig count was up 1 on the week at 586 rigs, according to Baker Hughes, the first weekly rise since the week ending Sep. 13.

  • This puts total US oil and gas rigs down by 36 rigs, or 5.8%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 481 (+2) -down 20 rigs, or 4.0% on the year.
  • Gas:  101 (-1) – down 16 rigs, or 13.7% on the year
  • Miscellaneous: 4 (=) – unchanged on year
  • Canada:  219 (-4) – up 26 rigs on the year