Baker Hughes: US Oil Rig Count Slides 10 to 877 5Wk Low
12/07 12:26 PM
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. (c) 2018 DTN. All rights reserved.