Texas adds three in sedate week
Rig counts increased slightly this week, reinforcing the major increase seen last week, according to Baker Hughes Weekly Rig Count.

A net one rig began operations this week, meaning there are 1,082 rigs active in the U.S. One land and one offshore rig began operations, while one inland waters rig shut down. There are currently 1,058 land-based, two inland waters and 22 offshore rigs drilling in the country.

Two oil-targeting rigs came online in the week, so there are a total of 888 active oil rigs. One gas rig shut down, leaving 194 such rigs operational. Oil currently accounts for 82.1% of all activity, well above the historical average but slightly below the level seen in August 2016 and 2018.

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