Wednesday, July 29, 2020
Baker Hughes’ U.S. rig count shows that weakness continues in the U.S. Over the last week, the count has fallen by two for a total of 251 rigs. The number of oil rigs increased by one to 181, gas rigs were down three to 68, and miscellaneous rigs were unchanged at two.
Compared to last year, the count is down 695 rigs from a year earlier’s total of 946 rigs. Oil rigs are down 595, gas rigs down 101, and miscellaneous rigs up one to a total of two.The U.S. offshore rig count is unchanged at 12 and is 13 less year over year.
Compared to last year, the count is down 695 rigs from a year earlier’s total of 946 rigs. Oil rigs are down 595, gas rigs down 101, and miscellaneous rigs up one to a total of two.The U.S. offshore rig count is unchanged at 12 and is 13 less year over year.