One rig comes offline as operations shift
By Richard Rostad, analyst, Oil & Gas 360

U.S. drilling activity declined yet again this week, the fourth decline in a row, according to Baker Hughes’ Weekly Rig Count.

A net one rig shut down this week, a far smaller decline than the 11 that came offline last week. There are now a total of 1,026 rigs active in the U.S.

The activity slide remains concentrated in land rigs, with three land-based rigs coming offline. Two inland waters rigs shut down, while offshore activity held flat. Land-based rigs are on the cusp of falling below 1,000 once again, with only 1,001 currently operational. This is the lowest activity level since April. Land activity continues to dominate, however, as ther...

Legal Notice