The number of oil rigs dipped by 2—down by 19 compared to this time last year. The number of gas rigs saw the same dropoff, losing 2 rigs to land at 98, a loss of 22 active gas rigs from this ...
According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past year. This decline reversed a steady increase that began after the rig ...
Oil rigs, also known as drilling rigs, are structures designed for drilling wells into the earth to extract oil and natural gas. They can be located on land or in the ocean and are equipped with ...
With the weekly rig count declining, should investors keep an eye on leading oil and gas exploration companies ... producers have sufficient promising land for drilling. Onshore rigs in the ...