Baker Hughes US oil rig count 421 vs 411 prior

Author: Adam Button | Category: News

Drilling picks up

  • Total rigs to 521 vs 512
  • Natural gas rigs -1
The lack of gas drilling is concerning given where prices are but oil drilling is picking up. Some of that is a return to work after Ida-related shutdowns in the gulf. I wrote about this chart earlier:
rig count
Brent just ticked above $78 for the first time since 2008 and WTI is flirting with $74.

Brent monthly:
Brent
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