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US weekly rig count falls to lowest level since March 2020: Baker Hughes
28/07/2023
Argaam Exclusive
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The US drilling rig count decreased by one unit to 529 in the week ended July 28, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
This is the lowest level since March 2020.
The US rig count fell to the sixth straight week.
The gas rig count also declined by three to 128 in the week.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 605 | 530 | 529 | (1) | (76) |
| Gas | 157 | 131 | 128 | (3) | (29) |
| Oil & Gas | 762 | 661 | 657 | (4) | (105) |
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