US oil and gas rig count decreased by 8 to 605, marking the most significant weekly decline since September 2021.

US oil and gas rig count decreased by 8 to 605 this week, according to Baker Hughes data. The number of oil rigs fell by 7 to 499, while gas rigs fell by 3 to 102. This marks the most significant weekly decline in rig count since September 2021, reflecting the ongoing slowdown in the energy industry. The combined US rig count is now down 143 from the same period last year, a decline of 19%.

May 03, 2024
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