US oil drillers have again shed more rigs, dropping six units last week according to a weekly tally by energy services company Baker Hughes.
The count for oil rigs in the US dropped to 713, down 150 units from last year’s figure. Rigs chasing gas also fell by two for 146 in total.
Overall, operating rigs declined by eight to 860, also down by 194 units when compared to 2018.
Click here to read the rig count summary.
The state of Texas dropped five rigs to a total of 418, the biggest decline of the states listed in the count.
The Permian play, which lies in west Texas and south-east New Mexico, lost three units for 414 in total, as did the south Texas Eagle Ford shale play, which fell by one to 62.
Other states like Colorado, Louisiana, and Wyoming each shed one rig.
The offshore rig count also dropped by one for 24, up by four year-over-year.
