US drillers cut 11 oil rigs in week ending June 7: Baker Hughes

08/06/2019 Argaam Special

 

U.S. energy companies cut 11 oil rigs in the week ending June 7, bringing the total count to 789, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The natural gas rig count increased by two rigs to 186 rigs for the week, compared to 198 rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending June 7

Week-on-week change

YoY

Oil

862

800

789

(11)

(73)

Gas

198

184

186

+2

(12)

Oil & Gas

1060

984

975

(9)

(85)

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