Baker Hughes rig count for the week of December 20, 2019

  • Total rig count 813 versus 799 last week
  • Oil rig count 685 versus 667 last week
  • Gas rig count 125 versus 129 last week

A big jump in the oil rigs and in total rigs for the week.

The higher prices recently (crude oil has been trading above $60) seems to have kick started the weekly rig count.