The US oil rig count has fallen for the first time in 24 weeks, ending a record streak.
The oil rig count fell by two to 756, oilfields-services giant Baker Hughes said in its weekly report on Friday.
The gas rig count rose by one to 184. With miscellaneous rigs down one to zero, the total rig count fell by one to 940. Among major oil- and gas-producing states, Texas gained one rig. Alaska and Colorado each lost one.
The rest were unchanged. The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
Compiled and Published by GIB KNIGHT
Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.
