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U.S. oil rig count increases to nearly two-year high

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Staff Writer | April 21, 2017
The U.S. oil-rig count rose by five to 688, according to oilfield-services provider Baker Hughes.
U.S. oil rig count increases
Oil exploration   Gas rigs rose by five to 167
This is marking the 14th week in a row with an increase.

Gas rigs rose by five to 167 and miscellaneous rigs remained unchanged at two, leaving the total rotary rig count at 857.

The oil rig count was at its highest level since the week ending April 24, 2015.


 

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