GUSH - U.S. oil rig count slides for sixth straight week
2023-07-21 14:00:47 ET
Total active drilling rigs in the U.S. fell for the 11th time in 12 weeks, shedding another 6 rigs to 669, the lowest count since March 2022, Baker Hughes reported Friday in its latest weekly survey.
Drilling rigs targeting crude oil in the U.S. fell for the sixth straight week, down 7 to 530, while gas rigs dropped by 2 to 131 and 8 rigs were counted as miscellaneous.
Rigs targeting crude oil in the Permian Basin fell 3 to 323, while oil rigs in the Eagle Ford declined by 2 to 57.
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U.S. oil rig count slides for sixth straight week