Baker: US Oil Rig Count Up 1, Marks 5th Straight Wkly Gain
2/23 12:33 PM
Baker: US Oil Rig Count Up 1, Marks 5th Straight Wkly Gain OAKHURST, N.J. (DTN) -- The number of active rigs drilling for oil in the United States gained one in the week-ended today to 799, marking the fifth consecutive weekly increase and the highest count since first week of April 2015, according to Baker Hughes. So far this year, a total of 52 oil rigs have been deployed for service in the U.S. At the current level, rigs are 197 higher than a year ago. The total U.S. rig count rose three to 978, which is 224 more than the comparable week a year ago. The number of gas rigs increased two to 179 on the week, 28 higher than a year ago. In Canada, the oil rig count continued lower, down nine to 209, which is up three year-on-year. The number of gas rigs also held lower, falling three to 97, which is 38 lower than a year earlier. (c) 2018 DTN. All rights reserved.