Baker: US Oil Rig Count Highest since Week Ended May 14


   
    

   OAKHURST, N.J. (DTN) --- The number of rigs in the United States actively 
drilling for oil increased for the first time in five weeks, rising by five to 
488 as of today, a 13-week high, according to the latest Baker Hughes data. 
Versus the same week in 2023, the number of oil rigs is down 27.

   Baker reports the number of U.S. natural gas rigs in operation increased by 
three to 97, 24 fewer than a year ago.

   In Canada, Baker Hughes data show the number of oil rigs in operation 
declined by two to 150 while the natural gas count held steady at 67 as of 
today. The oil rig count is up 31 versus the corresponding week in 2023 while 
the gas rig count is down by four.




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