U.S. energy companies reduced oil rigs by 4 units in the week ending July 10, 2020, bringing the total count to 181, energy services firm Baker Hughes, a unit of General Electric Co., said in its closely followed report on Friday.
The gas rig count decreased by one week-on-week to 75 rigs, and fell by 97 rigs compared to the same week a year earlier.
|
US Oil & Gas Rigs |
|||||
|
Rigs |
A year earlier |
Week ending July 10 |
This week |
Week-on-week variation |
Y-o-Y variation |
|
Oil |
784 |
185 |
181 |
(4) |
(603) |
|
Gas |
172 |
76 |
75 |
(1) |
(97) |
|
Oil & Gas |
956 |
261 |
256 |
(5) |
(700) |
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