U.S. energy companies cut one oil rigs in the week ending June 14, bringing the total count to 788, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The natural gas rig count declined by five rigs to 181 rigs for the week, compared to 194 rigs a year earlier.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending June 14

Week-on-week change

YoY

Oil

863

789

788

(1)

(75)

Gas

194

186

181

(5)

(13)

Oil & Gas

1057

975

969

(6)

(88)

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