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US Oil and Gas Rigs Rises by 7 On the Week to 629 Rigs: Baker Hughes

OIL

US oil and gas rigs rose by 7 on week to 629 rigs, according to Baker Hughes.

  • This reverses last week’s fall and takes the rig count back to its level on March 1. However, the combined US oil and gas rig count remains 16.6% lower than the same period in 2023.
  • Oil: 510 (+6) – down 13.4% on the year
  • Gas:116 (+1) – down 28.4% on the year
  • Miscellaneous: 3 (=) – unchanged on the year
  • Canada: 207 (-18) – unchanged on the year
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US oil and gas rigs rose by 7 on week to 629 rigs, according to Baker Hughes.

  • This reverses last week’s fall and takes the rig count back to its level on March 1. However, the combined US oil and gas rig count remains 16.6% lower than the same period in 2023.
  • Oil: 510 (+6) – down 13.4% on the year
  • Gas:116 (+1) – down 28.4% on the year
  • Miscellaneous: 3 (=) – unchanged on the year
  • Canada: 207 (-18) – unchanged on the year