Baker: US Oil Rig Count Lower for 1st Time since End of Ma
8/05 12:40 PM
Baker: US Oil Rig Count Lower for 1st Time since End of May
OAKHURST, N.J. (DTN) --- Baker Hughes data released this afternoon show the
first drop in the number of active rigs drilling for oil fell for the first
time in over two months, down seven through today to 598. The
According to the data, the oil rig count is 211 higher than this time in
2021.
The U.S. natural gas rig count continued higher, up four through today to
161, an increase of 58 from the corresponding week in 2021.
Baker reports the number of rigs drilling for oil in Canada continued to
increase, up three in the week ended today to 140, a gain of 45 from a year
ago. The data show the number of active rigs drilling for natural gas in Canada
again decreased, down four as of today to 63, which is three more than a year
ago.
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