“Baker Hughes Report: US Oil Drilling Rigs See Exciting Weekly Drop!”
Oilfield services company Baker Hughes reported on May 21 that the weekly number of active U.S. rigs drilling for oil dropped by three to 588. In total, the active U.S. rig count, encompassing those drilling for natural gas, fell by seven to 748. Following this report, oil prices continued to rise, with the June West […]
US Oil-Drilling Rigs Soar: Baker Hughes Reports Unprecedented Weekly Climb in Activity
Baker Hughes reported that the number of active oil rigs in the United States increased for the first time in four weeks. A total of 591 rigs were active recently. This increase, while marginal, is a strong indicator of the recovering oil industry in the U.S., specifically with regard to the drilling market. The total […]
Baker Hughes Unveils Second Consecutive Weekly Drop in US Active Oil-Drilling Rigs
Baker Hughes has reported a decline in the number of active US rigs drilling for oil, as the count fell for the second week in a row by two to 590 this week. Alongside this, the total active US rig count, including those drilling for natural gas, also experienced a drop with a reduction of […]