US Oil Rig Count Drops First Week In Nine

Friday, November 20, 2020 1:18 PM | MT Newswires

The US oil rig count fell by five to 231 during the week that ended Nov. 20, declining for the first week in nine, according to data compiled by Baker Hughes (BKR).

The combined oil and gas rig count for the US decreased by two to 310, as gas rigs climbed by three to 76.

In Canada, the oil rig count advanced by three to 42 and the gas rig count jumped by nine to 59. As a result, the aggregate count for North America was higher by 10 to 411, compared with 940 a year ago.

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