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The total number of oil and gas rigs in the United States, which was 488 in April 1999, is falling to 480 today, after a reduction of nine wells, and a record low since 1975; Oil rigs fell three to 386, the lowest level since December 2009 and the 12th consecutive week of decline
.
With U.
S.
oil production rising last week, it remains to be seen
whether the oil rig count problem will recur.
Total oil and gas rigs were at record lows, with oil rigs down 6 and natural gas rigs down 3
.
The total number of oil and gas rigs in the United States, which was 488 in April 1999, is falling to 480 today, after a reduction of nine wells, and a record low since 1975; Oil rigs fell three to 386, the lowest level since December 2009 and the 12th consecutive week of decline
.
With U.
S.
oil production rising last week, it remains to be seen
whether the oil rig count problem will recur.
Total oil and gas rigs were at record lows, with oil rigs down 6 and natural gas rigs down 3
.
