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US Oil and Gas Rigs Down 3 on the Week to 617 Rigs: Baker Hughes

OIL
Energy BulletsHomepageBulletCommoditiesCanada Bank of Canada Market News

US total oil and gas rig count fell by 3 on the week to 617 rigs, according to Baker Hughes, the lowest level since November 10.

  • This puts total oil and gas rigs down by 131, or 17.5%, on the year. Rigs have fallen every week since March 15.
  • See breakdown by type and week on week change:
  • Oil: 506 (-2) - Down 82, or 13.9% on the year
  • Gas: 109 (-1) – Down 48, or 30.6%, on the year
  • Miscellaneous: 2 (-) – down 1 on the year
  • Canada: 141 (+5) – up 30 on the year
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US total oil and gas rig count fell by 3 on the week to 617 rigs, according to Baker Hughes, the lowest level since November 10.

  • This puts total oil and gas rigs down by 131, or 17.5%, on the year. Rigs have fallen every week since March 15.
  • See breakdown by type and week on week change:
  • Oil: 506 (-2) - Down 82, or 13.9% on the year
  • Gas: 109 (-1) – Down 48, or 30.6%, on the year
  • Miscellaneous: 2 (-) – down 1 on the year
  • Canada: 141 (+5) – up 30 on the year