Active Rig Count continues to fall - Dec 3
Posted: Fri Jan 03, 2020 5:55 pm
Per Baker Hughes the active rig count in North America declined by 23 last week. Down 270 year-over-year.
Rigs drilling for oil
> Down 7 in U.S.
> Down 25 in Canada
There are not enough rigs drilling for oil in the U.S. to hold production flat in Q1.
Rigs drilling for oil
> Down 7 in U.S.
> Down 25 in Canada
There are not enough rigs drilling for oil in the U.S. to hold production flat in Q1.