HOUSTON – U.S. drillers dispatched 10 more oil rigs back to the field this past week, bringing the nation’s overall rig count to its highest point in four months, Baker Hughes data showed Friday.
The nation’s rig count has risen to 440, up from 404 in May. That’s still down from more than 1,900 before crude prices collapsed. In Texas, oil companies put three drilling rigs back to work. Two rigs were added in North Dakota; two in New Mexico, and one went back to Oklahoma and another to Louisiana.
Baker Hughes’ rig count has risen in five of the last six weeks as crude prices hover between $45 and $50 a barrel.