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US Oil and Gas Rigs Down 3 on Week at 586: Baker Hughes

ENERGY

US total oil and gas rig count was down 3 on the week at 586 rigs, according to Baker Hughes, ending two consecutive weeks of increases

  • This puts total US oil and gas rigs down by 73 rigs, or 11.1%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 482 (=) -down 43 rigs, or 8.2% on the year.
  • Gas: 98 (-3) – down 30 rigs, or 23.4% on the year and the lowest level since June 28.
  • Miscellaneous: 6 (=) – unchanged on year
  • Canada: 219 (+8) – up 31rigs on the year

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