Baker Hughes weekly rig report Friday 3/27/2020

All US Rigs 728 (-44)

US Horizontal Rigs 653 (-43)

US Hz Gas Rigs 89 (-3)

US Hz Oil Rigs 564 (-40)

Lay down of rigs continues to increase as expected based on the Baker Hughes rig report from the week ending on the 27th. Horizontal oil rigs led the drop-off losing 40 rigs. Gas horizontal rigs showed less change dropping three.

The county with the biggest change this week was Reeves Co., TX dropping 6 horizontal rigs for a total of 29 active rigs. For more charts and maps visit https://www.mudrockenergy.com/rig-update