Baker Hughes: US Oil Rig Count Lowest since December 2021


   
    

   OAKHURST, N.J. (DTN) --- Baker Hughes data show the number of rigs in the 
United States drilling for oil again down by one week-over-week, falling to 477 
as of today and edging closer to a level last seen the week ended Dec. 17, 
2021, when the count totaled 475. The rig count is 28 below the same week in 
2023.

   Baker reports the number of U.S. natural gas rigs in operation increased by 
three to 103 as of today, 53 lower than a year ago.

   In Canada, the number of oil rigs in operation continued higher, up by four 
week-on-week to 130 and the natural count again gained by three, reported at 66 
as of today. The oil rig count is up 14 compared with the corresponding week in 
2023 while the gas rig count is down by five.




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