U.S. energy firms cut the number of operating oil and gas rigs for the first time in four weeks, Baker Hughes said in its Friday report for the week ended Aug. 21 [energynow.com#1][boereport.com#1]. The total rig count fell by five to 588; Baker Hughes describes the count as an early indicator of future output [energynow.com#1][boereport.com#1]. The total was 50 rigs, or 9.3%, above the same time
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U.S. energy firms cut the number of operating oil and gas rigs for the first time in four weeks, Baker Hughes said in its Friday report for the week ended Aug. 21 [energynow.com#1][boereport.com#1]. The total rig count fell by five to 588; Baker Hughes describes the count as an early indicator of future output [energynow.com#1][boereport.com#1]. The total was 50 rigs, or 9.3%, above the same time