U.S. oil rig count jumps to highest since June while gas rigs drop, Baker Hughes survey says
Seeking Alpha News (Fri, 04-Apr 2:12 PM)
The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said Friday in its latest report.
The decline reduces the total rig count by 30 rigs, or 5%, below this time last year.
Drilling rigs targeting crude oil in the U.S. jumped by 5 to 489, their highest level since last June, while gas rigs dropped by 7 to 96 and 5 rigs remained classified as miscellaneous.
Rigs targeting oil in the Permian Basin declined by 3 to 291, while the oil rig count in the Eagle Ford and Williston Basin stayed flat at 42 and 32, respectively.
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