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HomeOil Rig Count Inches Higher As WTI Holds Below $70
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Oil Rig Count Inches Higher As WTI Holds Below $70

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The total number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 758 this week—88 rigs higher than the rig count this time in 2022 and 317 rigs lower than the rig count at the beginning of 2019, prior to the pandemic. Oil rigs in the United States increased by 4 this week, to 593. Gas rigs stayed the same at 162. Miscellaneous rigs also stayed the same. The rig count in the Permian Basin rose by 3, on top of last week’s 7-rig…

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