Oil Rig Counts in U.S. Fall for Second Straight Week

RIG COUNT
RIG COUNT
Aug 25, 2017 · 1 min read

25.08.2017 — Baker Hughes BHGE, on Friday reported that the number of active U.S. rigs drilling for oil fell by 4 to 759 rigs this week.

The total active U.S. rig count, which includes oil and natural-gas rigs, also declined by 6 to 940, according to Baker Hughes.

Oil prices showed little reaction, with October West Texas Intermediate crude CLV7, +0.80% up 23 cents, or 0.5%, from Thursday at $47.65 a barrel on the New York Mercantile Exchange.

It was nearly flat from levels seen before the data, when prices posted modest gains as traders weighed the potential supply and demand impact of Hurricane Harvey in the Gulf of Mexico.

Rig Count Breakout report.

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RIG COUNT

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Oil & Gas #RigCount and #PermitCount updates

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