Chevron Corp CVX:NYSE

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US Oil Rig Count Slips Second Week While Canadian Counterpart Jumps

1:23PM ET 9/18/2020 MT Newswires
The US oil rig count slipped by one to 179 during the week that ended Sept. 18, declining for a second week and hovering close to the lowest level since 2005, according to data compiled by Baker Hughes.

The combined oil and gas rig count for the US rose by one to 255, with gas rigs also increased by two to 73.

In Canada, the oil rig count jumped by 11 to 30, and the gas rig count by one to 34 during the one week period under review. As a result, the aggregate count for North America was up by 13 to 319, compared with 987 a year ago.