U.S. Oil Drilling Inches Up As Prices Fall
8 Articles
8 Articles
Why are US energy firms cutting rigs now? Baker Hughes report explained
Baker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrease in 6 weeks as the oil rig count rose to 456 and the gas rigs dropped to 133. This follows a report that US crude and gas production will increase in 2026 despite the changes in drill rig counts.
U.S. Oil Drilling Inches Up As Prices Fall
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US falling to 598, up 49 from this same time last year. The number of active oil rigs rose by 1, reaching 456 during the latest reporting period, according to the data. This is 34 above this same time last year. The number of gas rigs fell by 2 to 133, which is …
The number of oil drilling rigs in the US increased by 1 this week.
According to Baker Hughes' weekly data, the number of oil drilling rigs in the US increased by 1 to 456 in the week of September 26-October 2. The number of rigs has increased by 34 in the last year, while Brent crude oil closed Friday at $102.25 per barrel.
Weekly data from oilfield services company Baker Hughes has been released. According to this data, the number of oil drilling rigs in the country increased by 1 to 456 in the week of September 26-October 2 compared to the previous week. Oil drilling rigs in the US...
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