Total U.S. rig count slows decline; but Canada drops by 31 rigs The oil and gas rig count continued to fall this week, but at a slower pace than was seen throughout the rest of February. The U.S. rig count fell to 502 for the week ended February 26, 2016, according to the latest data from Baker Hughes (ticker: BHI,
Oil rig count continues to see the steepest declines The U.S. rig count continued to fall this week as WTI crude oil prices remained near $30 per barrel. The total number of rigs operating in the U.S. fell to 514 in the week ended February 19, down 5% from a week ago, according to Baker Hughes (ticker: BHI, BakerHughes.com). The
U.S. rig count falls to 541 The U.S. rig count continued to fall in the week ended February 12, 2016, according to the latest information from Baker Hughes (ticker: BHI, BakerHughes.com). In the last six months, the total number of rig counts has fallen 39% to 541 this week. The number of rigs drilling for oil took the brunt of
Oil rigs lead in the decline of the U.S. rig count The U.S. rig count continues to plummet as the price of oil remains in the low $30 range. The rig count took its biggest hit in the last year on a percentage basis, shedding 8% of the previous week’s total rig count. According to information from Baker Hughes (ticker:
Rig count sheds 3% of total The U.S. rig count continued its trend downward in the week ended January 29, according to information from Baker Hughes (ticker: BHI, BakerHughes.com). The U.S. total rig count landed at 619, down 18 from last week, and 45 from the first Baker Hughes report of the year. Both oil and gas focused rigs saw
U.S. rig counts continue their downward trend The U.S. rig count has either decreased or remained unchanged for 22 consecutive weeks now. According to information released from Baker Hughes (ticker: BHI) the U.S. rig count fell by 13 in the week ended January 22, 2016, to 637. This is the first time since the week ended August 20, 1999, that
U.S. rig count loses 34, Canada adds 83 After holding relatively steady last week, the U.S. rig count dropped by 34 this week, according to information from Baker Hughes Industries (ticker: BHI). The drop represents a 5% decline in the U.S. rig count in just a single week. Last week, the total U.S. rig count dropped below 700, the lowest
Large drop in gas rigs: rigs drilling for natural gas is 53% lower than gas rig count at the end of 2014 The total number of rigs drilling for oil and gas in the United States hit 700 in the week ended December 23, 2015, down nine rigs from the previous week. The data collected by Baker Hughes (ticker: BHI)
Oil prices and rig counts decline 4% following OPEC meeting The total rig count for the United States in the week ended December 11, 2015, was down 4% from the previous week, the largest drop by percentage since the week ended April 10, 2015. The total rig count fell by 28 in absolute terms, finishing the week at 709, according
Oil rig count continues to lead decline, shedding 10 this week alone The total number of rigs drilling in the United States declined every week through the month of November, according to information released by Baker Hughes (ticker: BHI). The total U.S. rig count fell by seven this week to 737 from 744 last week. The total rig count is
Total rig count falls to 757 as oil rigs resume trend downward The United States total rig count fell again this week, continuing a trend started last year when OPEC announced it would not defend oil prices. The total rig count fell by 10 this week to 757, with all of the last rigs coming from the oil patch, according
Overall rig count down again due to fewer rigs seeking gas Baker Hughes (ticker: BHI) released its weekly rig counts, indicating that the number of rigs drilling for oil in the United States increased for the first time in 10 weeks. While more rigs were drilling for oil in the U.S. than in previous weeks, the overall number of active
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