Oil Rig Count Rises Amid Slide in Oil Prices

Oil Rig Count Rises Amid Slide in Oil Prices

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, according to Baker Hughes, down 45 from this same time last year. The rig count is still near four-year lows. The number of oil rigs rose by 2, landing at 414. Year over year, this represents a 69-rig decline. The number of gas rigs fell by 1, to 118 …

US Drillers Add Oil and Gas Rigs for First Time in Seven Weeks, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

U.S. energy firms this week added oil and natural gas rigs for the first time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 537 in the week to September 5. Despite ...

US Drillers Add Oil, Gas Rigs for First Time in Seven Weeks

The oil and gas rig count rose by one to 537 in the week to Sept. 5. Despite this week's rig increase, Baker Hughes said the total count was still down 45 rigs, or 7.7%, below this time last year.