US Oil Drillers Continue to Back Off On Extended Price Slump

US Oil Drillers Continue to Back Off On Extended Price Slump

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

U.S. drilling rigs slide for seventh straight week to lowest since 2021, Baker Hughes says

The number of total oil and gas drilling rigs in the US fell for the seventh consecutive week, down by 4 to 555 to the lowest count since November 2021, Baker Hughes reported.

Baker Hughes oil rig count -3 at 439

Total recount 555

US Drillers Cut Oil & Gas Rigs For 7th Week to Lowest Since 2021, 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 seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, ...

Drillers Cut Oil, Gas Rigs for 7th Week to Lowest Since 2021, Baker Hughes Says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021.

U.S. rig count decreased by 4 is at 555 – 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 555 rigs. Canada had an increase of 24 over last week, resulting in a total Canadian count of 138 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase this week. Meanwhile, 1 region experienced a decrease this week: The Permian is at 273, down 2.   Major Basin Variances This Week +