Oil-drilling giant Baker Hughes will release its latest count of US oil and gas rigs at the top of the hour.
Last week, the oil rig count fell for an eighth straight week, by 28 to 439. That was the lowest count since January 22, 2010.
The combined count of oil and gas rigs dropped 30 to 514.
Crude oil prices were lower on Friday afternoon, with West Texas Intermediate crude futures in New York down 3% to as low as $29.14 per barrel.
We'll have the latest data once they cross, so refresh this page for updates. Meanwhile, here's the latest oil rig count chart:
Andy Kiersz/Business Insider