The number of operating rigs has been rising in recent weeks, coinciding with high oil...
The U.S. rig count rose modestly this week as global demand for oil remains high, with Texas pitching in much of the added production.The U.S. rig count rose modestly this week as global demand for oil remains high, with Texas pitching in much of the added production.
The number of drilling rigs operating nationally climbed by 3 to 673 this week, according to oilfield services company Baker Hughes. Texas added five rigs while Utah and West Virginia added one each, offsetting declines in Louisiana and North Dakota, whose rig counts fell by 3 and 1, respectively. Energy companies have added 243 rigs over the past year, a 57 percent increase from 430 during the same week in 2021.
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