Baker Hughes Rig Count: U.S. +13 to 1,057 rigs

U.S. Rig Count is up 13 rigs from last week to 1,057, with oil rigs up 10 to 869, gas rigs up 3 to 186, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is up 108 rigs from last year's count of 949, with oil rigs up 101, gas rigs up 5, and miscellaneous rigs up 2.

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Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Owners of minerals and royalties may be interested to learn that the Internal Revenue Code "IRC" allows a deduction known as “depletion” for oil & gas income. The depletion deduction could significantly reduce a royalty owner's…

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