U.S. rig count rebounds by 10, bouncing off low

Aug. 21, 2020 1:05 PM ETUCO, USO, DBO, USL, SCO, BNO, OLEM, OILX, OILK, USOI, NRGUBy: Jason Aycock, SA News Editor33 Comments
  • Active drilling rigs in the U.S. rose by 10, to 254, Baker Hughes says in its latest weekly survey.
  • Drilling rigs targeting crude oil rose by 11, to 183, while gas rigs fell by 1 (to 69%) and two rigs are still classified as miscellaneous.
  • As for major basin variances, rigs in the Permian Basin rose by 10, to 127. They dropped by 2 in Eagle Ford, to 9. Marcellus grew by 1, to 26; and Haynesville was flat at 32.
  • WTI Crude is off 2.6%, to $41.68/barrel.
  • ETFs: USO, UCO, BNO, SCO, USL, DBO, USOI, NRGU, OILK, OLEM, OILX

Recommended For You

Comments (33)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.