US drillers cut 2 oil rigs in week ending May 10: Baker Hughes

11/05/2019 Argaam

 

U.S. energy companies cut two oil rigs in the week ending May 10, bringing the total count to 805, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The natural gas rig count remained unchanged at 183 rigs for the week, compared to 199 rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending May 10

Week-on-week change

YoY

Oil

844

807

805

(2)

(39)

Gas

199

183

183

--

(16)

Oil & Gas

1045

990

988

(2)

(57)

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