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Update: US Active Rig Count Remains Unchanged, 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 held steady at 588 in the week ending Sep. 4, according to data from Baker Hughes (BKR) released Friday.

The US oil rig count increased by two from 447 the previous week to 449, while the number of gas rigs decreased by two from 132 the previous week to 130, the data showed.

The number of miscellaneous rigs in the US remained the same at 9. The US had 414 oil, 118 gas, and five miscellaneous rigs in operation a year earlier.

The consolidated North American oil and gas rig count, a key early indicator of future production levels, decreased by seven to 792 from 799 the previous week.

Price: $63.03, Change: $-0.61, Percent Change: -0.96%

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