The U.S. oil and gas rig count fell by 17, or 6%, to an all-time low of 284, according to data from Baker Hughes Co.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
The largest monthly decline occurred in the Williston Basin, where 50% of rigs were released, according to Enverus Rig Analytics for May.
As of May 20, the total U.S. rig count is down 28 from last week with the Permian Basin leading the declines with a drop of 17 rigs.
The U.S. rig count, an early indicator of future output, fell by 21 to a record low 318 in the week to May 22, according to data from energy services firm Baker Hughes Co.