12/31/2021, 7:05 PM (Source: TeleTrader)
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Number of US oil rigs unchanged at 480 - Baker Hughes

The number of oil rigs in the United States remained unchanged at 480 in the week ending December 31 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

At the same time, the number of US gas rigs also stood at the last week's figure at 106 to result in the total number of rigs in the country at 586. Compared to the same period a year earlier, the number of oil rigs was up by 213.

In Canada, the number of rigs declined by 43 to land at 90. The number of oil rigs in Canada dropped by 45 to 39, while on the other hand, the number of gas rigs rose by 2 to 51. Canada's oil rig count was up by 21 compared to the same period in 2020.

Baha Breaking News (BBN) / ND