Baker Hughes: US Oil Rig Count Slides 10 to 877 5Wk Low

    

   CRANBURY, N.J. (DTN) -- The number of rigs seeking oil in the United States 
dropped 10 to a five-week low of 877 during the week-ended today while up 126 
year-on-year, Baker Hughes reported this afternoon. Year-to-date, the U.S. oil 
rig count is up 150 with 34 of those rigs deployed during the fourth quarter.

   The combined U.S. oil and gas rig count dipped one from prior Friday to 
1,075, with gas rigs up nine to 198. Against year-ago, the combined oil and gas 
rig count is up 144.

   In Canada, 17 oil rigs were taken out of service that pressed the count to 
102, which is down 10 against the same time period last year. The combined oil 
and gas rig count in Canada fell 13 this week to 186 which is 33 less than the 
comparable year-ago period.

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