27% Fewer Oklahoma Oil Rigs In Operation Compared To 2018

Monday, July 1st 2019, 8:29 am
By: News On 6

Oklahoma's seeing a downturn in the number of oil rigs currently in operation.

The Journal Record says there are 27% fewer rigs in operation now than at this time last year. Oilfield services company Baker Hughes says there are 102-oil rigs running in Oklahoma at this time.

The lower count comes as energy companies across the nation prioritize cash flow over increased production due to low oil prices.