U.S. drilling rigs drop for third straight week, Baker Hughes says

1 month ago 11

Working Pumpjacks On Sunset

imaginima/E+ via Getty Images

Active drilling rigs successful the U.S. fell for a 3rd consecutive week, down 1 to 762, inactive 51% higher than progressive rigs astatine the aforesaid clip past year, according to the latest play survey from Baker Hughes.

Drilling rigs targeting crude lipid remained unchanged astatine 601 aft rising past week, portion state rigs mislaid 1 to 159, with 2 rigs inactive classified arsenic miscellaneous.

Rigs targeting lipid successful the Permian Basin fell by 1 to 342.

ETFs: (NYSEARCA:USO), (UCO), (SCO), (USL), (DBO), (USOI), (NRGU), (OILK), (OLEM)

Read Entire Article