US drillers cut 3 oil rigs in week ending May 17: Baker Hughes

18/05/2019 Argaam

 

U.S. energy companies cut three oil rigs in the week ending May 17, bringing the total count to 802, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The natural gas rig count rose by two rigs to 185 rigs for the week, compared to 200 rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending May 17

Week-on-week change

YoY

Oil

844

805

802

(3)

(42)

Gas

200

183

185

+2

(15)

Oil & Gas

1046

988

987

(1)

(59)

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