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US drillers rise to 12-week high: Baker Hughes
23/02/2024
Argaam Exclusive
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The US drilling rig count increased by six week-on-week to 503 in the week ended Feb. 23, Baker Hughes energy services firm said in its closely followed report on Friday.
The US drillers rose to their highest level in three months, compared to 505 in the first week of December 2023.
Meanwhile, the gas rig count fell by one to 120.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 600 | 497 | 503 | 6+ | (97) |
| Gas | 151 | 121 | 120 | (1) | (31) |
| Oil & Gas | 751 | 618 | 623 | 5+ | (128) |
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