January 24, 2025 18:06 GMT
ENERGY: US Oil and Gas Rigs Down 4 on Week at 576: Baker Hughes
ENERGY
US total oil and gas rig count was down 4 on the week at 576 rigs, according to Baker Hughes, a new 3-year low.
- This puts total US oil and gas rigs down by 43 rigs, or 6.9%, on the year.
- See breakdown by type and week on week change:
- Oil: 472 (-6) -down 27 rigs, or 5.4% on the year.
- Gas: 99 (+1) – down 18 rigs, or 15.4% on the year
- Miscellaneous: 5 (+1) – up 2 rigs on the year
- Canada: 245 (+16) – up 13 rigs on the year the year
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