This week, the U.S. oil rig count dropped 10 to 599, while the gas rig count slipped two to 158, according to oilfield services firm Baker Hughes.
The U.S. oil and gas rig count remains steady at 771 in the week ending Jan. 27, according to Baker Hughes.
Uganda discovered commercial reserves of petroleum nearly 20 years ago but has experienced delays over lack of infrastructure.
The U.S. oil rig count fell 10 to 613, the lowest since November, while gas rigs rose six to 156, in their biggest weekly rise since February, according to Baker Hughes.
Shale braces for another disappointing year of weaker output gains, rising costs and dwindling reserves in 2023.
According to Baker Hughes, the U.S. oil and gas rig count rose to 779 in the week ending Dec. 22.
According to Baker Hughes, the U.S. oil rig count fell by five to 620, while the gas rig count rose one to 154 during the week ending Dec. 16.
The U.S. oil rig count fell by two to 625, while gas rigs fell two to 153 during the week ending Dec. 9, making it the lowest weekly count since July 2022.
Tightness in supply, staffing constraints and high oil prices all contribute to Esgian’s projected 13% growth in offshore rig demand for 2023.
U.S. oil rigs rose four to 627 this week, their highest since March 2020, while gas rigs fell two to 155, according to the weekly Baker Hughes rig count report.