US Oil Drillers Scale Back as Global Supply Crunch Continues

US Oil Drillers Scale Back as Global Supply Crunch Continues

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 544,  down 43 from this same time last year. But the number of active oil rigs specifically slipped by 3 to 407 during the latest reporting period, according to the data. This is 68 below this same time last year. The number of gas rigs rose by 4 after…

US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, 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, rose by one to 544 in the week to April ...

U.S. rig count increased by 1, is at 544

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