Total rig count follows similar trend as oil rigs The number of rigs drilling for oil in the United States declined again, continuing the trend for a tenth straight week. According to Baker Hughes (ticker: BHI) the number of rigs drilling fell by six to 572 for the week ended November 6, 2015. The count for rigs drilling for oil
U.S. rig count takes another dip The U.S. rig count fell again this week after a week of no changes to the total count. According to Baker Hughes (ticker: BHI) the total number of rigs drilling in the United States fell to 775 in the week ended October 30, 2015. The number of total rigs in now 60% below its
Oil and gas rig counts hold total in balance The total rig count for active U.S. rigs held steady at 787 after 8 consecutive weeks of falling. The last time the U.S. rig count remained the same week-over-week was the week ended August 14, 2015, when it was at 884, before climbing by one rig, and then declining by 98
The U.S. continues to lay down rigs drilling for oil The number of rigs active in the U.S. continued to drop this week as markets continue to balance the oversupply in global oil output. The total number of rigs drilling in the U.S. declined for an eighth straight week as rigs targeting oil continued to come offline, according to the
Rig count hits five-year low The U.S. rig count continued to slide further even as WTI prices staged a comeback, climbing near $50 per barrel. The total rig count in the U.S. fell 14 rigs this week to 795 total rigs, according to Baker Hughes Industries (ticker: BHI). Rigs are down 69 from the beginning of August, and 814, or
Total rig count continues decline for fifth consecutive week The current price environment has continued to put downward pressure on the number of active rigs operating in the United States. For the fifth consecutive week, Baker Hughes (ticker: BHI) reported the number of rigs in the U.S. declined, ending at 838, down from 842 a week ago. The number of
Total rig count continued to decline for the fourth straight week The U.S. total rig count continued its decline this week, according to the information released by Baker Hughes (ticker: BHI) today. The rig count stood at 842, down 6 from last week, due to losses from rigs drilling for oil. Eight oil-drilling rigs were shuttered-in this week, bringing the
Rig counts reach lowest point since January 2003 The total number of rigs operating in the United States continued to fall for the third consecutive week, shedding the most rigs in terms of percentage of total rigs since May 1, according to Baker Hughes (ticker: BHI). The number of active rigs in the U.S. for the week ended September 11,
Rig counts remain low along with prices The total rig count in the United States for the week ended August 28, 2015, fell eight rigs to 877, according to information from Baker Hughes (ticker: BHI). Rig counts have remained in the same 50-rig range since the week ended May 1, 2015, after falling precipitously along with oil prices since the
Baker Hughes rig count for the week ended August 21, 2015 Baker Hughes (ticker: BHI) reported an increase of just one rig to the total number of rigs drilling for oil and natural gas in the United States for the week ended August 21, 2015. The number of active rigs in the U.S. has remained relatively stable over the last
Gains in oil rigs balance out reduced gas rigs The total number of rigs drilling for oil and gas in the United States remained unchanged in the week ended August 18, 2015, according to information from Baker Hughes (ticker: BHI). The total number of active rigs stayed flat at 884 this week. The number of rigs drilling for oil increased
Oil rig counts climb for third straight week The total number of rigs actively drilling in the United States rose by ten this week, reaching 884, according to the latest rig count from Baker Hughes (ticker: BHI). The number of rigs drilling for oil rose for the third straight week to 670 while rigs drilling for gas increased by four
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