US Oilfield Drillers Pull Back as Prices Edge Higher
TL;DR Summary
U.S. rig count fell to 545 this week (down 38 from a year ago) with oil rigs at 411 and gas rigs at 127; Permian remained the largest basin at 242 rigs; weekly crude output slipped to about 13.6 million barrels per day. Brent and WTI hovered near the high-$90s per barrel, signaling higher prices even as drillers scale back activity.
- US Oil, Gas Drillers Take the Foot Off the Gas As Prices Climb Crude Oil Prices Today | OilPrice.com
- U.S. Rig Count Slips Three to 545; Gulf of Mexico Gains Overshadowed by Broad Declines RBN Energy
- U.S. drillers cut rigs for third week in four, Baker Hughes reports (USO:NYSEARCA) Seeking Alpha
- US horizontal drilling rigs down two to 483 in week to April 10 - Baker Hughes marketscreener.com
- Baker Hughes: US oil rig count unchanged at 411 Breakingthenews.net
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