Baker Hughes US oil rig count 549 vs 552 expected

  • Weekly oil and gas drilling rig data
  • Prior was 548
  • Gas rigs 144 vs 143 prior

One of the most-telling comments this week came from Halliburton where executives said they're sold out of drilling rigs for this year. The market is under the impression that drilling will ramp up at $100/barrel but there are no workers and pipe.

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