Baker Hughes (BKR) reports that the U.S. rig count is unchanged from last week at 589 with oil rigs down 1 to 482, gas rigs up 1 to 103 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 32 rigs from last year’s count of 622 with oil rigs down 19, gas rigs down 15 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 14, down 6 year-over-year. The Canada Rig Count is down 1 from last week to 94, with oil rigs unchanged at 44, gas rigs down 1 to 50 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 31 rigs from last year’s count of 125 with oil rigs down 14, gas rigs down 17 and miscellaneous rigs unchanged.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes price target raised to $50 from $48 at Jefferies
- Biden plans to block more offshore O&G drilling in final weeks, Bloomberg says
- Baker Hughes secures liquefaction equipment order
- Baker Hughes reports U.S. rig count unchanged at 589 rigs
- 3 Best Stocks to Buy Now, 12/24/2024, According to Top Analysts