$TRUMP Baker Hughes reports an increase in U.S. oil rigs and a steady weekly total
The number of U.S. oil drilling rigs rose to 460 in the week ending October 23, up one rig from the previous week, according to Baker Hughes’ weekly report. Year over year, the count increased by 40 rigs, indicating expanded oil drilling activity compared with the same period last year.
In contrast, the number of natural gas rigs in the United States fell by one to 132 for the week. Despite the weekly decline, the count was up by 11 rigs compared with the corresponding week last year.
The total number of U.S. drilling rigs thus held steady at 603, unchanged from the previous week, while increasing by 53 rigs year over year. These figures reflect differing activity levels in the oil and gas sectors, with the annual increase in the total number of drilling rigs continuing.
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The number of U.S. oil drilling rigs rose to 460 in the week ending October 23, up one rig from the previous week, according to Baker Hughes’ weekly report. Year over year, the count increased by 40 rigs, indicating expanded oil drilling activity compared with the same period last year.
In contrast, the number of natural gas rigs in the United States fell by one to 132 for the week. Despite the weekly decline, the count was up by 11 rigs compared with the corresponding week last year.
The total number of U.S. drilling rigs thus held steady at 603, unchanged from the previous week, while increasing by 53 rigs year over year. These figures reflect differing activity levels in the oil and gas sectors, with the annual increase in the total number of drilling rigs continuing.
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