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U.S. oil and gas rig count rises to 599 as drilling gains momentum
Baker Hughes data show active oil rigs increased to 455, up 3 from the prior period, while total rigs were 50 higher than a year earlier.
OilPrice reports that the total number of active drilling rigs in the United States for oil and gas rose this week, according to data published by Baker Hughes on Friday.
The rig count increased to 599, up 50 from the same time last year.
OilPrice also notes that active oil rigs climbed by 3 to 455 during the latest reporting period.
The coverage frames the uptick as additional evidence of rising drilling activity amid broader pressure in U.S. oil and gas markets.