Oil Rig Count Rises Amid Slide in Oil Prices ...Middle East

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Oil Rig Count Rises Amid Slide in Oil Prices
source : OILPRICE ( Middle East ) () 83
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, according to Baker Hughes, down 45 from this same time last year. The rig count is still near four-year lows. The number of oil rigs rose by 2, landing at 414. Year over year, this represents a 69-rig decline. The number of gas rigs fell by 1, to 118 for a gain of 24 active gas rigs from this time last year. The miscellaneous rig count stayed the same…

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