Oil and gas US drilling rig data from Baker Hughes
– Prior oil rigs were 644
– Natural gas rigs 197
– Prior natural gas rigs were 198
– Total rigs 838
– Prior total rigs were 842
Rigs have been coming off lately. That’s four weeks of declines as lower prices weigh on production. In turn, oil prices are extending gains after the data. WTI crude is up more than 1%.
