US Drillers Add Oil and Gas Rigs for Fourth Week in Five: Baker Hughes

The oil and gas rig count in the U.S. rose two to 752 in the week to July 8. Baker Hughes said that puts the total rig count up 273, or 57%, over this time last year.

Scott DiSavino, Reuters

U.S. energy firms this week added oil and natural gas rigs for the fourth time in five weeks amid high crude prices although the growth in rigs has been small and crude production has been slow to recover to pre-pandemic levels.

The oil and gas rig count, an early indicator of future output, rose two to 752 in the week to July 8, energy services firm Baker Hughes Co said in its closely followed report.

Baker Hughes said that puts the total rig count up 273, or 57%, over this time last year.

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