March 22, 2024 17:07 GMT
US Oil and Gas Rig Down 5 on the Week to 624 Rigs: Baker Hughes
OIL
US combined oil and gas rigs fell by 5 on the week to 624 rigs, according to Baker Hughes data. This puts US rigs down 134, or 17.7%, on the year.
- This reverses some of the gains seen the previous week, although the total count remains above the 622 rigs recorded on March 8.
- Oil: 509 (-1) – down 14.2% on the year
- Gas: 112 (-4) – down 30.9% on the year.
- Miscellaneous: 3 (=)
- Canadian Rigs: 169 (-38) – up 2.4% on the year.
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