April 05, 2024 17:09 GMT
US Oil and Gas Rig Count Down 1 on Week to 620 Rigs: Baker Hughes
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US oil and gas total rig count was down by one rig on the week to 620, according to Baker Hughes April 5. This is the lowest combined level since Feb. 2
- US Oil: 508 (+2) – oil rigs are down by 13.9% on the year, or 82 rigs.
- US Gas: 110 (-2)
- US Gas rigs are down by 30.4% on the year, or 48 rigs. This puts gas rigs at their lowest level since Jan 2022.
- Miscellaneous: 2 (-1) – down by 1 rig on the year
- Canadian Rigs: 136 (-15) – up 7.1% year-on-year, or 9 rigs.
- Canadian rigs have been in near constant successive declines since peaking at 234 on Feb. 16. They are now at their lowest level since Jan. 5.
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