Oil & Gas Rig Count Down By One; Oil Rigs Up By 6; Baker Hughes GE

February 2, 2018


The number of active commercial US rigs dropped by just one last week, Friday’s weekly report from Baker Hughes GE said.

Oil drilling rigs climbed by six to reach 765, adding rigs for the second straight week.

There are 946 oil and natural gas rigs active today.

Simmons & Co. analysts at investment bank Piper Jaffray slightly increased their forecast this week for the total oil and natural gas rig count in 2018 to an average of 1,006, and 1,131 in 2019.