Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was unchanged at 759 this week. The company, however, said it could not verify the change in rig counts across 47 counties in South Texas because of the impact of Hurricane Harvey. The total active U.S. rig count, which includes oil and natural-gas rigs, rose by 3 to 943, according to Baker Hughes. Oil prices showed little initial reaction, with October West Texas Intermediate crude down 20 cents, or 0.4%, from Thursday at $47.03 a barrel on the New York Mercantile Exchange. It traded at $47.07 before the data. (This is an update to reflect impact of Hurricane Harvey on this week’s data.)
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