Commodities Buzz: US Crude Oil Rig Count Rises Further

16 May 2022 , 12:39 PM

The number of total active drilling rigs in the United States rose by 9 last week, according to new data from Baker Hughes published on Friday. The total rig count increased to 714 this week?261 rigs higher than the rig count this time in 2021 and the highest count since April 2020. Drilling has picked up substantially since the Russia invasion of Ukraine. Oil rigs in the United States rose this week by 6 rigs to 563, while gas rigs rose by 3 to 149. Miscellaneous rigs stayed the same, at 2. The rig count in the Permian Basin stayed the same this week, at 335 while rigs in the Eagle Ford rose by 1. Powered by Commodity Insights