U.S. Rig Count Jumps As Oil Prices Hold Above $70 ...Middle East

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U.S. Rig Count Jumps As Oil Prices Hold Above $70
source : OILPRICE ( Middle East ) () 11
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year. In the week prior, the U.S. oil and gas rig count increased by 5. The total number of active oil and gas drilling rigs in the U.S. is now 204 more than this time last year. The oil rig count rose by 8 this week to 373. The number of gas rigs increased by 1 and now sits at 97. The number of miscellaneous rigs stayed the same. The EIA’s estimate…

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