Baker Hughes (BKR) reports that the U.S. rig count is up 1 from last week to 549 with oil rigs up 3 to 417, gas rigs down 3 to 125 and miscellaneous rigs up 1 to 7. The U.S. Rig Count is down 35 rigs from last year’s count of 584 with oil rigs down 61, gas rigs up 24 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 19, up 5 year-over-year. The Canada Rig Count is down 3 from last week to 188, with oil rigs down 5 to 124, gas rigs up 2 to 64 and miscellaneous unchanged at 0. The Canada Rig Count is down 12 from last year’s count of 200 with oil rigs down 13, gas rigs up 1 and miscellaneous rigs unchanged.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes management to meet virtually with Benchmark
- Trump Trade: President considers opening California to offshore drilling
- Trump considering opening California to offshore drilling, Washington Post says
- Strategic Growth and Synergy: Baker Hughes’ Buy Rating Highlighted by Operational Milestones and Chart Industries Acquisition
- Baker Hughes and Glenfarne sign definitive agreements to launch Alaska LNG