March 15, 2024 17:06 GMT
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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