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| Source: Baker Hughes Weekly Rig Count - May 1 2020 |
Friday, May 1, 2020
Baker Hughes Weekly Rig Count - May 1 2020
The US land Rig count continues to decline as the impact of reduced oil demand due to COVID-19 continues to evolve. The Permian basin had the largest decline, dropping 27 rigs. The DJ Basin lost over half it's active rigs, dropping to 7 total rigs in the DJ. The MidCon is a historic lows, with only 17 rigs running in the area.
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