U.S. Rig Count Soars, Putting Yet More Pressure On OPEC

By Julianne Geiger This week’s Baker Hughes report shows the U.S. domestic oil and gas rig count up 21 rigs this week, bringing the total to 789 active oil and gas rigs—a fantastic 313-rig increase over last year. The bulk of this week’s gains were oil rigs, which saw a 14-rig gain, while gas saw a build of 6, with one miscellaneous rig added last week. The number of active oil rigs in the United States now sits at 631—244 rigs over the number of rigs this time last year. In sharp contrast, Canada saw a 31-rig decrease to its oil rigs, while…

Read Full Article Here

For more great articles: OilPrice.com Daily News Update

(Visited 13 times, 1 visits today)

Comments

comments


Tagged:


© 2014 RenewaNews