Baker Hughes: US Oil Rig Count DN for 3rd Wk to 60-Wk Low
5/24 12:40 PM
Baker Hughes: US Oil Rig Count DN for 3rd Wk to 60-Wk Low OAKHURST, N.J. (DTN) -- The number of active oil rigs in the United States declined for a third consecutive week, falling 5 to 797, Baker Hughes reported this afternoon, below the 800 count for the first time since the final week of March 2018 when the active number of oil rigs was also 797. So far this month, the count has fallen by 8 rigs, according to the data. Versus the same week in 2018, oil rigs are down 62. The combined U.S. oil and gas rig count is down four to 983, 76 lower than during the comparable week a year ago. In Canada, the number of oil rigs deployed since prior Friday rose 16 to 38, up three versus a year ago, with the combined oil and gas rig count up 15 at 78, down three from the year prior. (c) 2019 DTN. All rights reserved.
 
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