U.S. Baker Hughes Oil Rig Count +2 To 481 Vs 479 Prior; U.S. Baker Hughes NatGas Rig Count -1; U.S. Baker Hughes Total Rig Count 586 Vs 585 Prior
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The U.S. Baker Hughes oil rig count increased by 2 to 481, while the natural gas rig count decreased by 1. The total rig count is now 586, up from 585 previously.
October 11, 2024 | 5:02 pm
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Baker Hughes reported an increase in oil rigs and a decrease in natural gas rigs, with a net increase in total rig count.
The increase in oil rigs suggests a potential rise in oil production, which could positively impact Baker Hughes' business operations and revenue. The slight decrease in natural gas rigs is less significant in comparison to the overall increase in total rig count.
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