Baker Hughes Weekly US Land Rig Report - Jul 10 2020

The Baker Hughes Rig Count showed that rigs in US Land dropped by another 5 rigs this week for a total of 246 active rigs. The Eagle Ford lost 3 rigs this week and the the Permian and MidCon each lost 1 rig. 

The rig count continues to fall at a much lower rate than the height of the downturn. As the quarterly earnings reports come out, we should be able to see what drilling plans will be for the last half of 2020 and the start of 2021

Table 1: Baker Hughes Weekly US Land Rig Count - July 10 2020
(Source: Baker Hughes)

Figure 1: Baker Hughes Weekly US Land Rig Count - July 10 2020
(Source: Baker Hughes)