U.S. drillers add the most oil rigs in a week since June: Baker Hughes
Reuters Staff NOVEMBER 10, 2017 / 12:18 PM / 3 DAYS AGO

Thursday, January 25, 2018

Reuters (11/10, DiSavino) reported that “US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015,” as the energy services firm Baker Hughes said drillers brought 9 oil rigs on line during the week of November 10, “bringing the total count up to 738.” The overall rig count “is still much higher than a year ago when only 452 rigs were active.” The Houston Chronicle (11/10, Eaton) reported that the total US rig count, counting oil and gas, “climbed to 907 across the United States, with oil rigs accounting for the entire increase.” The Wall Street Journal (11/10, Al-Muslim, Subscription Publication) also reported.