Number of Oil and Gas Rigs Increases By Five: Baker Hughes GE

April 13, 2018

 

US commercial oil and gas rigs increased in number for the second consecutive week, according to weekly estimates released Friday by Baker Hughes GE.

The number of rigs was up by five, to 1,008.

Natural gas rigs were down by two for a total of 192.

Seven oil rigs were added this week for a total of 815, the highest number since March 2015.

The Permian Basin accounted for more than half the total oil rigs, with an increase of one this week, bringing the total to 445, also the most since 2015.