The oil and gas rig count fell by one to 585 in the week to Oct. 18. Baker Hughes said that puts the total rig count down 39 rigs, or 6% below this time last year.
The oil and gas rig count rose by one to 586 in the week to Oct. 11. Baker Hughes said the total count was still down 36 rigs or 6% from this time last year.
The oil and gas rig count fell by two to 585 in the week to Oct. 4.
The oil and gas rig count fell by 1 to 587 in the week to Sept. 27, the lowest since early September.
U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week.
The oil and gas rig count rose by eight in the week to Sept. 13 to 590, returning to mid-June levels. The increase was the biggest since the week to Sept. 15, 2023.
Patterson-UTI’s monthly announcements represent the company’s average number of revenue-earning drilling rigs in the U.S.
The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June.
The rig count is 8% below this time last year, according to Baker Hughes.
The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.