US rotary rig count again down sharply
Count drops 11 for week ending May 19, following 17-rig drop May 12; only 2 states have week-over-week increase; 4 have decreases
The Baker Hughes' U.S. rotary drilling rig count was down by 11 to 720 the week ending May 19, from 731 on May 12 (when the count dropped by 17 rigs from May 5) and the lowest the count has been since May 2022. The May 19 count is down by eight from a count of 728 for the same period a year ago.
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Alaska rig count unchanged
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