US drillers add 10 oil rigs in week ending Jan. 25: Baker Hughes

26/01/2019 Argaam

 

U.S. energy companies added 10 oil rigs in the week ending Jan. 25, bringing the total count to 862, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The natural gas rig count decreased by one rig to 197 rigs for the week, compared to 188 rigs a year earlier.

 

The U.S. rig count, an early indicator of future output, is still much higher than a year ago when 759 rigs were active after energy companies boosted spending in 2018 to capture higher prices that year.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending Jan. 25

Week-on-week change

YoY

Oil

759

852

862

10

103+

Gas

188

198

197

(1)

09+

Oil & Gas

947

1050

1059

9

112+

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