US oil rig count down by 4 to 873 - Baker Hughes

Economy 1/11/2019, 7:02 PM
US oil rig count down by 4 to 873 - Baker Hughes

The number of oil rigs in the United States fell by 4 to 873 in the week ending January 11 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of gas rigs in the US rose by 4 to 202 during the same week, leaving the total number of rigs in the country unchanged at 1,075. On an annual basis, the number of US oil rigs rose by 121.

In Canada, the total rig count was up by 108 to 184, with the number of oil rigs rising by 83 to 103 and gas rigs added 25 to 81. Compared to the previous year, the number of oil rigs in Canada decreased by 92.

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