U.S. Rig Count Up By 6

According to the latest Baker Hughes Rig Count, released Sept. 25, the U.S. Rig Count is up six from the previous week to 261. Oil rigs are up four to 183, gas rigs are up two to 75, and miscellaneous rigs are unchanged at three.

The U.S. Rig Count is down 599 rigs from last year’s count of 860, with oil rigs down 530, gas rigs down 71, and miscellaneous rigs up two.
The U.S. Offshore Rig Count is unchanged at 14, though down 10 year-over-year.

The Canada Rig Count is up seven from last week to 71. Oil rigs are up three to 33 and gas rigs are up four to 38.

The Canada Rig Count is down 56 rigs from last year’s count of 127, with oil rigs down 55 and gas rigs down one.

SOURCE: The Weekly Propane Newsletter, October 1, 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