US Oil Rig Count Unchanged This Week, Baker Hughes Says

The number of oil rigs operating in the US were unchanged this week, according to data compiled by energy-services firm Baker Hughes (BKR).

The count remained at 467 in the seven days through Friday, Baker Hughes said. A year earlier, the US had 246 oil rigs in operation.

West Texas Intermediate futures dropped 1.2% to $65.73 a barrel while international benchmark Brent fell 0.5% to $69.34 a barrel.

Oil and gas rigs in the US were unchanged at 569. Gas was flat at 102 rigs, the Houston-based company's data showed. In the same period of 2020, there were 75 gas rigs and two miscellaneous rigs in operation. Overall, there were 323 rigs operating a year ago.

Across North America, oil and gas equipment rose by nine rigs to 749, up from 425 at the same point last year. In Canada, the count was up by nine to 180, compared with 102 operating during the same period last year. Canada's oil rig count rose by seven to 113 while gas gained two rigs to 67.

Among US states, top producer Texas lost two rigs while New Mexico added five rigs.