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North American oil and gas rig count falls to record lows

Christian Fernsby ▼ | May 22, 2020
The U.S. and Canadian oil and natural gas rig count fell to all-time low.
Oil rig
North American   Oil rig
The U.S. rig coun fell by 21 to a record low 318 in the week to May 22, according to Baker Hughes.

Topics: America oil

That was a third consecutive week of record lows for the U.S. rig count.

In Canada, the count fell to 21 from last week’s record low of 23 rigs, according to Baker Hughes.