Tag: American Rig Count

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 […]