US Drillers Add More Rigs In Response to Higher Prices

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 562, down just 1 from this same time last year.

The number of active oil rigs rose by 4 to 429 during the latest reporting period, according to the data. This is 22 below this same time last year. The number of gas rigs stayed the same at 125, which is 16 more than this time last year. The miscellaneous rig stayed the same at 8.