US rig count drops again while Canadian count sees slight rise

Friday, 10 May 2019 22:13:22 (GMT+3)   |   San Diego
       

Baker Hughes has reported that for the week ending May 10, the US rotary rig count decreased by two to 988 rigs following a one-rig decrease the week before. The number of rigs drilling for gas stayed level at 183, while the number of rigs drilling for oil decreased by two to 805. The overall rig count is now down by 57 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count increased by two to 63 rigs in the week ending May 10, following a two-rig decrease the week before. The Canadian rig count is now down by 16 rigs compared to the same week a year ago.


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