The number of rigs drilling across the nation jumped by 10 this week, an even 5-5 split between oil and gas rigs, Baker Hughes said Friday
For 14 straight weeks, the U.S. rig count has climbed higher as oil prices have mostly held sturdy around $50 a barrel in recent months. The nation’s rig fleet climbed to 857, up from a multi-decade low of 404 in May.
This week, Texas drillers added six land rigs; Alaska, Colorado, Louisiana, Pennsylvania and Wyoming, added one rig each, while one went idle in Oklahoma.
The Permian Basin in West Texas added one oil rig this week, bringing the count there up to 340. In South Texas, drillers sent three more oil rigs to the Eagle Ford Shale, increasing the fleet to 71.