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US Oil and Gas Rig Counts Down to 620: Baker Hughes

OIL

US total oil and gas rig counts fell by 3 to 620, according to Baker Hughes Dec. 21

  • Total US oil rigs fell by 3 on the week to 498.
  • Gas rigs were up by 1 to 120.
  • Miscellaneous rigs were also down by 1 to 2.
  • Canada’s rig count fell by 39 on the week to 146.
  • This is the second consecutive week where US combined oil and gas rig counts have declined., taking rigs to the lowest level since Nov. 17

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