Rising Rig Count Streak Now at Ten Weeks

Current total stands at 1,062
U.S. drilling activity continued its steady climb today, adding rigs for the tenth week in a row according to Baker Hughes Weekly Rig Count.

Two rigs came online this week, bringing the national total to 1,062, the highest level in more than three years. This week’s increase is the tenth in a row, the longest continuous rise in activity since the sustained activity jump in early 2017.

Land-based rigs showed consistent activity this week, holding at 1,149 rigs. Inland waters and offshore each added one rig, b...