Baker Hughes US Land Weekly Rig Count - October 9 2020

This week, the Baker Hughes US Land Weekly Rig Count rose by 3 rigs to reach 254 active rigs. The Eagle Ford addded 2 rigs and the Permain added 1 rig while the Northeast lost 1 rig. The rig count continues to move in a positive direction even though current oil prices have dropped in recent weeks.

Figure 1: Baker Hughes US Land Weekly Rig Report - October 9 2020
(Source: Baker Hughes)

Table 1: Baker Hughes US Land Weekly Rig Report - October 9 2020
(Source: Baker Hughes)