Tag: American Rig Count

American rig count falls to 1,192, down 75

American rig count falls to 1,192, down 75

American¬†rig count peaked at 4,530 in 1981, bottomed at 488 in 1999 Baker Hughes Inc. says the American rig count – drilling rigs¬†exploring for oil and natural gas in the U.S. – fell by 75 this week to 1,192 amid depressed oil prices. Oilfield services company Baker Hughes said Friday 922 rigs were seeking oil […]