Current REN Stock Info

The U.S. added 14 more rigs to its active fleet this week
The active rig count in the United States continued to climb this week as oil prices remained above $50 per barrel. The majority of the new activity came from the Permian Basin this week where capital has been flooding as operators look for the most profitable margins. Baker Hughes Industries (ticker: BHI) reported 14 more rigs this week, for a total of 553, 11 of which were in the Permian.

The Permian, and the Delaware Basin in particular, have become an increasingly attractive targ...

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