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US rig count hits 31-week high: Baker Hughes
19/04/2024
Argaam Exclusive
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The US drilling rig count rose five units to 511 in the week ended April 19, Baker Hughes energy services firm said in its closely followed report on Friday.
This is the highest level since Sept. 15, 2023, when it reached 515.
Meanwhile, the gas rig count fell three units to 106 in the week, the lowest level since Dec. 17, 2021, when it reached 104.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 591 | 506 | 511 | 5+ | (80) |
| Gas | 159 | 109 | 106 | (3) | (53) |
| Oil & Gas | 750 | 615 | 617 | 2+ | (133) |
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