USOI - U.S. drilling rig count falls again Baker Hughes says

2023-08-04 14:05:20 ET

• Total active drilling rigs in the U.S. fell by 5 to 659, the lowest count since March 2022 and its 13th decline in the past 14 weeks, Baker Hughes reported Friday in its latest weekly survey.
• The total rig count is down 105, or 14%, from the same time last year.
• Drilling rigs targeting crude oil in the U.S. dropped 4 to 525, gas rigs stayed flat at 128, and 6 rigs were classified as miscellaneous.
• Rigs targeting crude oil in the Permian Basin fell by 4 to 320, and oil rigs in the Eagle Ford shed 2 to 53.
• In July, oil rigs fell by 16 rigs for an eighth straight monthly decline, while gas rigs gained 4.
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