Rig count has fallen only once in the past 11 weeks—now sitting at 1,013
Drilling activity continued to rise last week, marking the eighth increase in nine weeks, according to the latest edition of Baker Hughes’ Rig Count.

Eight rigs moved to Texas this week, with the Lone Star State seeing a significant boost in drilling activity. The eight rigs that began drilling gave the state a total of 509 active rigs.

The rigs moving into Texas and New Mexico primarily moved to the Permian, as eight rigs began drilling in the basin. An additional ...

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