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Number of U.S oil rigs jumps to 791

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Staff Writer | February 9, 2018
U.S. energy companies added 26 oil rigs this week, boosting the count to 791, its highest since April 2015.
oil rigs jumps
Oil exploration   The increase in the week to February 9
The increase in the week to February 9 was the biggest weekly rise since January 2017, General Electric's Baker Hughes said.

The U.S. rig count, an early indicator of future output, is much higher than a year ago when 591 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash.


 

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