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U.S. drillers add oil rigs for first week in eight -Baker Hughes

Published 2019-10-11, 01:04 p/m
© Reuters.  U.S. drillers add oil rigs for first week in eight -Baker Hughes
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Oct 11 (Reuters) - U.S. energy firms this week increased the number of oil rigs operating for the first time in eight weeks even though energy services firms are cutting jobs as most producers follow through on plans to reduce spending on new drilling this year.

Companies added two oil rigs in the week to Oct. 11, bringing the total count to 712, General Electric (NYSE:GE) Co's GE.N Baker Hughes energy services firm said in its closely followed report on Friday. RIG-OL-USA-BHI

http://graphics.thomsonreuters.com/15/rigcount/index.html U.S./Canada natural gas rig count versus Henry Hub futures price

http://tmsnrt.rs/2eT9k44 Shale oil breakevens

http://tmsnrt.rs/2fO4b17

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