US Oil and Gas Rig Count Drops for Sixth Straight Week as Drilling Slows

US oil and gas rig count drops for sixth straight week as drilling slows

US oil and gas rig count drops for the sixth consecutive week as drillers cut activity due to low, volatile commodity prices.

US Oil Drillers See Sharp Decline in Activity

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that. The total rig count in the US fell by 4 to 559 rigs, according to Baker Hughes, down 35 from this same time last year. The number of oil rigs fell by 9 to 442 after falling by 4 during the previous week…

US Oil & Gas Rig Count Falls For 6th Week to 2021 Lows, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future ...

US Oil, Gas Rig Count Falls for 6th Week to 2021 Lows, Baker Hughes Says

The oil and gas rig count fell by four to 559 in the week to June 6, the lowest since November 2021.

U.S. rig count decreased by 4 is at 559 – Oil & Gas 360

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 4 over last week, resulting in a total count of 559 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford and the Haynesville region experienced an increase this week. Meanwhile, 3 regions experienced a decrease this week: The Eagle Ford is at 40, down 3. Th

Baker Hughes: US oil rig count down by 9 to 442

The number of oil rigs in the United States fell by nine, on a weekly basis, to 442 in the week ending June 6, the Baker Hughes rig count data released on Friday revealed. Year over year, oil rigs slu...