Active Rig Count Resumes Slide in US
After a brief pause last week, the active rig count in the US resumed its downward trajectory this week, with four more idled rigs, Baker Hughes said August 7 in its regular report.
All four were oil-directed: one in the Eagle Ford and three in the Permian. At August 7, 247 rigs were listed as active, down from 934 on August 9, 2019.
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The count in Canada, meanwhile, continued in the opposite direction, with three rigs – two oil and one gas – added to the active list and one rig idled in the “Miscellaneous” category. At August 7, 47 rigs were active in Canada, down from 140 a year ago.