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Update: US Active Rig Count Falls by 5, Baker Hughes Says

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(Updated with additional details.)

The combined count of crude oil, natural gas, and miscellaneous rigs in the US fell by 5 to 588 in the week ending Aug. 21, according to data from Baker Hughes (BKR) released Friday.

The US oil rig count decreased by three, from 455 the previous week to 452, while the number of gas rigs was down by one, from 128 to 127, the data showed.

The number of miscellaneous rigs in the US dropped by one to nine. The US had 411 oil, 122 gas, and five miscellaneous rigs in operation a year earlier.

The consolidated North American rig count, a key early indicator of future production levels, dropped by eight to 804 from 812 the previous week.

Price: $62.58, Change: $-0.20, Percent Change: -0.32%

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