U.S. oil rig count ends 2017 40 percent above year-ago levelsStaff Writer | December 30, 2017
The U.S. oil rig count rose by about 42 percent by end-2017 compared to the corresponding period last year.
Oil exploration The oil rig count remained unchanged in December
The oil rig count, an early indicator of future output, remained unchanged in December after rising by 10 in November. It declined by 3 in the fourth quarter after falling by 6 in the third quarter. ■