Number of oil and gas drilling rigs in US grows

Number of oil and gas drilling rigs in US grows The number of operating oil and gas rigs in the US rose for the second week in a row
Energy
November 14, 2022 11:36
Number of oil and gas drilling rigs in US grows

The number of operating oil and gas rigs in the US rose for the second week in a row. Drilling activity remained strong amid high oil prices, Report informs referring to Baker Hughes, an oil service company.

The number of active oil and gas drilling rigs, a leading indicator of production, increased by 9 units in the week of November 5-11, to 779 units. This is the highest since March 2020.

The indicator increased by 9 units to 622 units, the highest level since March 2020. The number of gas drilling rigs remained unchanged at 155 units.

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