The U.S. rig count rose by one in the last week to 509 as of April 14, according to Enverus Rig Analytics. The count is up 5% in the last month but down 7% year-over-year.
The oil and gas rig count rose seven to 439 in the week to April 16, Baker Hughes Co. said in its weekly report.
The largest change to the U.S. rig count in the last week was in the Anadarko Basin, where six rigs were added—all additions came from previously inactive companies firing up a rig.
The combined oil and gas rig count rose two to 432 in the week to April 9, its highest since April 2020, Baker Hughes said in its weekly report.
The largest week-over-week increase was in the Gulf Coast, where eight new rigs were added, primarily in the Eagle Ford Shale, according to Enverus.
U.S. oil rigs rose by 13 to 337 this week, while natural gas rigs fell one to 91.
The U.S. rig count rose 8% in the last month, including 31 added in Texas, which is about 49% of the total with rigs in the Permian Basin and Eagle Ford Shale leading the way.
The oil and gas rig count rose six to 417 in the week to March 26, its highest since April 2020, energy services firm Baker Hughes Co. said.
After a year of historic lows for drilling activity, rig count is slowly climbing up, indicating an improved activity outlook for 2021. But will it be enough for overstacked drillers?
U.S. energy firms added the most oil and gas rigs in a week since January 2021 even as oil prices this week pulled back from a recent 28-month high.