U.S. energy companies cut 12 oil rigs in the week ending Aug. 30, bringing the total count to 742, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The gas rig count remained at 162 rigs for the week, compared to 184 gas rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending Aug. 30

Week-on-week change

YoY

Oil

862

754

742

(12)

(120)

Gas

184

162

162

0

(22)

Oil & Gas

1046

916

904

(12)

(142)

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