U.S. Oil Drillers Back Off Even As Prices Soar

AI Summary

The U.S. oil and gas rig count held at 603, while active oil rigs fell by three to 459 and gas rigs increased by one to 133. The figures show oil drillers pulling back slightly despite rising prices, though total rigs remain above year-ago levels.

The total number of active drilling rigs for oil and gas in the United States remained unchanged this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 55 from this same time last year. The number of active oil rigs fell by 3, to 459 during the latest reporting period, according to the data. This is 41 above this same time last year. The number of gas rigs rose by 1 to 133, which is 12 more than this time last year. Miscellaneous rigs rose by 2 to 11. The latest EIA data showed…