US Drillers Add Oil, Gas Rigs As Brent Tops $100 For First Time in Years
AI Summary
US oil and gas rig counts rose slightly this week as Brent crude surpassed $100/barrel for the first time in years, according to Baker Hughes data. Total active rigs reached 553, with oil rigs at 412 and gas rigs at 133, though both remain well below year-ago levels. The increase signals industry response to higher prices, though the overall rig count is still significantly lower than a year prior.
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, bringing the total rig count in the US to 553 this week, down 39 from this same time last year. The number of active oil rigs rose by 1 to 412 during the latest reporting period, according to the data. This is 75 below this same time last year. The number of gas rigs also rose by 1, reaching 133, which is 33 more than this time last year. The miscellaneous rig count stayed the same at 8. The…