US rig count surges

AI Summary

The US rig count surged by 10 units last week with increases in both oil and natural gas rigs, reaching a total of 573 active rigs. This indicates a growing activity in US crude oil and natural gas exploration and production sectors.

The total number of rigs drilling for crude oil and natural gas in the US increased by 10 to 573 units last week, according to Baker Hughes. The number of oil rigs increased by seven over the week to 440, and gas rigs gained by three to 125. There were also eight miscellaneous rigs in ...