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Gas rigs down seven to 534, oil stays at record-high 1,421: Baker Hughes

Increase font size  Decrease font size Date:2012-07-13   Views:475
The US natural gas rig count slid another seven rigs to 534 in the week that ended Friday, Baker Hughes said in its weekly report.

The gas rig count is at the lowest level it has been at in 13 years, when the total was 531 in August 1999.

The US oil rig count was unchanged at a record high of 1,421. There were four miscellaneous rigs, also unchanged from the week before, according to Baker Hughes data.

The US oil and natural gas rotary rig count for the week fell by seven from last week to 1,959, but it was up 73 from 1,886 in the same week a year earlier.

Canada's rig count rose by 23 week on week to 261, that was also a rise of 21 from 240 in the same week a year ago. Canada's oil rig total was 214, up 19 from the prior week, and its gas rig count was 47, up four.



 
 
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