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.
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