U.S. Rig Count Up 13

According to the latest Baker Hughes Rig Count, released Oct. 16, the U.S. rig count is up 13 from the previous week to 282. Oil rigs are up 12 to 205, gas rigs are up one to 74, and miscellaneous rigs are unchanged at three.

U.S. Rig Count is down 569 rigs from last year’s count of 851, with oil rigs down 508, gas rigs down 63, and miscellaneous rigs up two.

The U.S. Offshore Rig Count is unchanged at 14, down eight year-over-year.

The Canada Rig Count is unchanged from last week at 80, with oil rigs up one to 40 and gas rigs down one to 40.

The Canada Rig Count is down 63 rigs from last year’s count of 143, with oil rigs down 58 and gas rigs down 5.

SOURCE: The Weekly Propane Newsletter, October 22, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.