U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since October 2018, prompting some drillers to return to the wellpad.

Over the past week, two rigs were added in Texas’ RRC Dist. 6 and two in Colorado. Additionally, one rig was added in Louisiana, North Dakota, West Virginia and Ohio plus one each in Texas RRC Dist. 7C and 8.

Baker Hughes said in its weekly report that the U.S. rig count is at its highest since April 2020. At roughly this time last year, the pandemic had done its worst to rig activity, dropping the total to 264 on July 5. The current rig count is up 99% year-over-year, as well as up 3% on the month.

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