U.S. energy companies cut 17 oil rigs in the week ending Oct. 25, bringing the total count to 696, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The gas rig count declined by four rigs to 133 rigs for the week, compared to 193 rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending Oct. 25

Week-on-week change

YoY

Oil

875

713

696

(17)

(179)

Gas

193

137

133

(4)

(60)

Oil & Gas

1068

850

829

(21)

(239)

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