Baker Hughes data show a weekly decline in active U.S. oil-drilling rigs

Baker Hughes data show a weekly decline in active U.S. oil-drilling rigs – MarketWatch

Baker Hughes has issued rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the US and Canadian drilling activity (Baker Hughes)

Myra P. Saefong, MarketWatch

SAN FRANCISCO
Energiesnet.com 05 05 2023

Baker Hughes BKR, +3.67% on Friday reported that the weekly number of active U.S. rigs drilling for oil fell three to 588 this week. The total active U.S. rig count, which includes those drilling for natural gas, declined by seven to 748, according to Baker Hughes. Oil prices continued to trade higher, with the June West Texas Intermediate crude contract CLM23, -0.01% up $2.84, or 4.1%, at $71.40 a barrel on the New York Mercantile Exchange.

marketwatch.com 05 05 2023

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