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. (c) Copyright 2022 DTN, LLC. All rights reserved.
 
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