July 14, 2017
Weekly US Rig Count Steady, 2 Oil Up and 2 Gas Down: Baker Hughes
The oil and gas rig count held steady for the week, according to weekly figures from Baker Hughes (now a GE company).
The count of active US rigs remains at 952, as the number of oil rigs climbed by two to offset the natural gas rig decline of two overall.
The Permian Basin added four rigs for a total of 373, with Midland and Reeves counties accounting for about 30% of the total.
The offshore rig count is flat at 21, down by one year over year.
By Mike Shiloh
Copyright July 14, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved
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