US Oil Rig Count Stalls While Output Breaks New Record

Rig count ticks higher in Baker Hughes survey (USO:NYSEARCA)

The number of oil and gas drilling rigs in the US added 1 to 548, Baker Hughes reported, as rigs targeting crude oil remained flat at 418 and gas rigs gained 1 to 121

US Oil Rig Count Stalls While Output Breaks New Record

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. The total rig count in the US rose this week to 548, according to Baker Hughes, down 37 from this same time last year. The number of active oil stayed the same in the reporting period, according to the data, at 418. Year over year, this represents a 64-rig decline. The number of gas rigs rose …

U.S. rig count increased by 1 is at 548

This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 548 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 198 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Arkoma Woodford, the Cana Woodford, the DJ-Niobrara, the Granite Wash, the Mississippian, and the Permian regions experienced an increase this week. Meanwhile, no regions e

United States Baker Hughes US Oil Rig Count came in at 418, above forecasts (417)

United States Baker Hughes US Oil Rig Count came in at 418, above forecasts (417)