Overall Rig Count Up Four
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity expanded in the U.S. this week, partially making up for the decline seen last week, according to Baker Hughes.

A net four rigs began drilling in the country, a change from the 14 that shut down last week. There are now 1,049 rigs active in the U.S., down 34 from the peak seen in the last week of 2018 but still up 74 from this week last year. All four new rigs are land-based, and inland waters and offshore activity held flat.

Oil activity increased significantly this week, with seven such rigs coming online, while three gas rigs shut down. This shift partially reverses the one seen last week, when fifteen oil rigs shut down and one gas rig sta...

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