Baker Hughes rig count down for the 13th week in a row

The Baker Hughes is out for the current week :

  • oil rig count fell to 206 from 222 last week. The estimate was for 212
  • gas rigs 76 vs. and 77 last week. The estimate was 75
  • total rig count falls to 284 from 301 last week. The estimate was for 289

The low 4 oil rigs from 2009 reached 179. At 206 were within sniffing distance of that most recent swing low.

Baker Hughes oil rig counts