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Rig count up 16, third week of double-digit growth

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The number of oil and gas rigs in U.S. fields rose again this week, up 16 over last week. It’s the third double-digit increase in a row and a boom of 85 rigs over the past month.

U.S. oil drillers collectively sent 13 more rigs into the patch this week, the Houston oilfield services company Baker Hughes reported Friday. Gas drillers added three.

Oklahoma led the rise, with six. West Texas’ Permian Basin added four.

The total rig count rose to 653, up from a low of 404 in May. Almost as many rigs are now in U.S. oil and gas fields as there were at this time last year, when 700 drilled.

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Written by David Hunn at fuelfix.com

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