imaginima/E+ via Getty Images

The total count of active drilling rigs in the U.S. remained unchanged at 784, 38% above levels a year ago at this time, Baker Hughes said Friday in its latest weekly rig count.

Drilling rigs targeting crude oil and natural gas both stayed flat for the week, at 627 and 155 respectively, while 2 rigs remained classified as miscellaneous.

Rigs targeting oil in the Permian Basin fell by 2 to 346.

ETFs: (NYSEARCA:USO), (UCO), (SCO), (USL), (DBO), (USOI), (NRGU)

Source link

You May Also Like

The Bank of New York Mellon to redeem its floating rate senior notes (NYSE:BK)

The Bank of New York Mellon to redeem its floating rate senior…

Peru’s new leader appoints moderate cabinet after months of chaos

Peru’s new president, Dina Boluarte, on Saturday appointed a moderate cabinet that…

How to Ask Your Team a Question

The key to asking a question effectively is knowing when to stop…

Tech funds adopt private equity strategies in race to return cash to investors

Silicon Valley venture capital firms are rushing to create private equity style…