Baker Hughes has reported that for the week ending March 24, the US rotary rig count dropped by 12, following a four-rig decline the week before. This brings the current US rotary rig count to 464. The number of rigs drilling for gas increased by three to 92, while the number of rigs drilling for oil declined by 15 to 372. The overall rig count is still down by 584 rigs, year-on-year.
Meanwhile, the Canadian rig count fell by 14 in the week ending March 24 to 55, following a 31-rig decrease the week before. The Canadian rig count is now down by 65 from the same week a year ago.
Meanwhile, the Canadian rig count fell by 14 in the week ending March 24 to 55, following a 31-rig decrease the week before. The Canadian rig count is now down by 65 from the same week a year ago.