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U.S. oil rig count inches higher

Christian Fernsby |
Baker Hughes reported that the number of oil and gas rigs in the U.S. decreased this week, to 794, a decrease of 2 rigs.

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Topics: U.S.    OIL RIG   

Oil rigs, however, increased for the week.

The total oil and gas rig count is now 265 down from this time last year.

For oil rigs, this week saw an increase of 3 rigs, according to Baker Hughes data, bringing the total to 676—a 186-rig loss year over year.

The total number of active gas rigs in the United States fell by 5 according to the report, to 115.

This compares to 197 a year ago.

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