Oil Price History page. North American Rotary Rig Counts. The U.S. rotary rig count from Baker Hughes was down 1 at 792 for the week of March 13, 2020. It is 234 rigs (22.8%) lower than last year. The number of rotary rigs drilling for oil is up 1 to 683. There are 150 fewer rigs targeting oil than last year.

Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease in the number of oil rigs. The total oil and gas rig count is now 265 down from this time last year. For oil rigs, this week saw an increase of 3 rigs, according to Baker Hughes data, bringing the total to 676—a 186-rig The number of oil rigs decreased for the week, by 1 rig, according to Baker Hughes data, bringing the total to 678—a 165-rig loss year over year. Oil Price History page. North American Rotary Rig Counts. The U.S. rotary rig count from Baker Hughes was down 1 at 792 for the week of March 13, 2020. It is 234 rigs (22.8%) lower than last year. The number of rotary rigs drilling for oil is up 1 to 683. There are 150 fewer rigs targeting oil than last year. The weekly rig count report that Baker Hughes releases is probably on everyone’s not-to-miss schedule. However, its days as one of the most reliable U.S. oil industry growth metrics seem to be Updated March 13, 2020 Baker Hughes Rig Count. We issue the North America and International rig counts as a service to the industry. Get the weekly and monthly summaries here, or find more details on our Rig Count site.

Updated March 13, 2020 Baker Hughes Rig Count. We issue the North America and International rig counts as a service to the industry. Get the weekly and monthly summaries here, or find more details on our Rig Count site.

6 Mar 2020 The number of oil rigs in the United States increased by 4 to 682 in the week ending March 6 compared to the previous week, according to the  7 Feb 2020 In its weekly report Friday, Baker Hughes said the number of units seeking oil increased by one, but the gain was erased by the loss of one gas-  16 Dec 2019 Baker Hughes rig count. Sign up to our Daily newsletter. The nation's tally of active drilling rigs held flat this week as rising U.S. crude oil prices  27 Dec 2019 Total U.S. rig count sheds 8 in Baker Hughes survey In other words, let the price of oil go up first, then if the margin is reasonably safe, drill.

The U.S. rotary rig count from Baker Hughes was down 1 at 792 for the week of oil spot price is 42.3 percent lower than last year and natural gas spot prices 

6 Mar 2020 HOUSTON & LONDON. Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for February 2020 was 1,085  The U.S. rotary rig count from Baker Hughes was down 1 at 792 for the week of oil spot price is 42.3 percent lower than last year and natural gas spot prices  6 Mar 2020 The number of oil rigs in the United States increased by 4 to 682 in the week ending March 6 compared to the previous week, according to the  7 Feb 2020 In its weekly report Friday, Baker Hughes said the number of units seeking oil increased by one, but the gain was erased by the loss of one gas- 

Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease in the number of oil rigs.

Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years. US Oil Rig Count is at a current level of 683.00, up from 682.00 last week and down from 834.00 one year ago. This is a change of 0.15% from last week and -18.11% from one year ago.

In turn, the growth of supply in the oil markets pushes oil prices downwards. Conversely, a decrease in the number of active drilling rigs is favorable for the oil price 

The rig count in the Permian Basin was up two this week, the latest count Friday by Baker Hughes shows, with 411 rigs active in the region. A year ago, 466 rigs were active in the region. Latest oil rig data. The US oil rig count reached 652 in the week ended March 24, 2017. That was a 21-rig rise over the previous week, according to data released by Baker Hughes (BHI). The Investor Relations website contains information about Baker Hughes Rig Count's business for stockholders, potential investors, and financial analysts. Unspecified or miscellaneous rig count unchaged at 2 rigs. Year-over-year oil exploration in the U.S. is down 18.0 percent. Gas exploration is down 44.6 percent. The weekly average of crude oil spot price is 42.3 percent lower than last year and natural gas spot prices are 33.7 percent lower than last year. The North American rig count is issued as a service to the petroleum industry. In 1944 they began weekly counts of US and Canadian drilling activity. These are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside North America (U.S. and Canada). The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia, the Caspian region, Iran, Sudan, Cuba, North Korea or onshore China.

Drillers cut 10 oil rigs in the week to March 1, bringing the total count down to 843, the lowest since May 2018, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. More than half the total U.S. The rig count in the Permian Basin was up two this week, the latest count Friday by Baker Hughes shows, with 411 rigs active in the region. A year ago, 466 rigs were active in the region. Latest oil rig data. The US oil rig count reached 652 in the week ended March 24, 2017. That was a 21-rig rise over the previous week, according to data released by Baker Hughes (BHI). The Investor Relations website contains information about Baker Hughes Rig Count's business for stockholders, potential investors, and financial analysts. Unspecified or miscellaneous rig count unchaged at 2 rigs. Year-over-year oil exploration in the U.S. is down 18.0 percent. Gas exploration is down 44.6 percent. The weekly average of crude oil spot price is 42.3 percent lower than last year and natural gas spot prices are 33.7 percent lower than last year. The North American rig count is issued as a service to the petroleum industry. In 1944 they began weekly counts of US and Canadian drilling activity. These are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside North America (U.S. and Canada). The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia, the Caspian region, Iran, Sudan, Cuba, North Korea or onshore China.