This week the Baker Hughes US Land Rig Report increased 8 rigs to finish at 484 active rigs. The Bakken added 4 rigs, Eagle Ford added 3 rigs, the Permian added 2 rigs and the West Coast added 1 rig. The ArkLaTex region lost 2 rigs this week.
Oil prices were down this week in response to speculation of decreased demand due to increased Covid cases. While nation wide lockdowns appear unlikely, personal responsibility may result in less travel and work from home. Covid cases will continue to rise over the next several weeks as schools restart and uncertainty about Covid response continues.
 |
| Baker Hughes US Land Weekly Rig Report - August 13 2021 (Source: Baker Hughes) |
 |
| Baker Hughes US Land Rig Report by State - August 13 2021 (Source: Baker Hughes) |
No comments:
Post a Comment