Baker Hughes reports that the U.S. rig count is down 1 from last week to 760 with oil rigs down 2 to 607, gas rigs up 1 to 151 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 115 rigs from last year’s count of 645 with oil rigs up 87, gas rigs up 27 and miscellaneous up 1. The U.S. Offshore Rig Count is down 1 to 17, up 5 year-over-year. The Canada Rig Count is down 2 from last week to 248, with oil rigs up 2 to 163, gas rigs down 4 to 85. The Canada Rig Count is up 28 rigs from last year’s count of 220 with oil rigs up 28, gas rigs unchanged.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BKR:
- Piper upgrades Baker Hughes on ‘underappreciated’ IET unit
- Baker Hughes upgraded to Overweight from Neutral at Piper Sandler
- Baker Hughes reports U.S. rig count up 2 to 761 rigs
- Baker Hughes reports U.S. rig count down 12 to 759 rigs
- Baker Hughes and Fortescue Future Industries to Collaborate on Exploring Green Hydrogen and Geothermal Projects