Due to the decline in the oil sector, the number of American rigs fell by 12 units to end at 759 for the week ended February 3, reports Natural Gas Intelligence.
National declines for the week included 10 oil-headed rigs and two natural gas-headed rigs. Land drilling fell by 11 rigs, with the Gulf of Mexico count down one unit to 12 from 16 a year earlier. The US posted net losses of seven directional platforms and five horizontal platforms, with vertical units unchanged week/week.
The combined 759 active U.S. rigs as of Friday compares to 613 rigs running a year ago, according to figures from Baker Hughes Co., which are based in part on data from Enverus. Read the whole story.