U.S. Drops Two NatGas, Five Oil Rigs As Count Reaches Lowest Point Since June 9

摘要

Drilling permit activity is on the upswing, which could mean a rebound in the U.S. rig count is on the way - just not for the week ended Friday. The domestic rig count fell by eight to 928, including two natural gas-directed and five oil-directed units, according to Baker Hughes Inc.’s weekly tally. The U.S. count is still well above its year-ago tally of 539, but falling oil prices earlier in the year have led to some retrenchment since a recent high of 958 rigs in late July.