Baker Hughes has reported that for the week ending May 6, the US rotary rig count dropped by five, following an 11-rig decline the week before. This brings the current US rotary rig count to 415. The number of rigs drilling for gas fell by one to 86, while the number of rigs drilling for oil declined by four to 328. The overall rig count is still down by 479 rigs, year-on-year.
Meanwhile, the Canadian rig count dropped by one in the week ending May 6 to 36, following three-rig drop the week before. The Canadian rig count is now down by 39 from the same week a year ago.
Meanwhile, the Canadian rig count dropped by one in the week ending May 6 to 36, following three-rig drop the week before. The Canadian rig count is now down by 39 from the same week a year ago.