UPSTREAMONLINE.COM
US energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high. Drillers added 21 oil units in the week to 9 December, bringing the total oil rig count up to 498, the most since January, but still below the 524 rigs seen a year ago, energy services firm Baker Hughes said on Friday. Drillers also added six gas units, bringing the active natural gas rig count to 125. Texas saw the biggest gains, adding 17 rigs for 303. It saw the biggest growth in the Permian basin, which added 11 rigs.
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US energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high. Drillers added 21 oil units in the week to 9 December, bringing the total oil rig count up to 498, the most since January, but still below the 524 rigs seen a year ago, energy services firm Baker Hughes said on Friday. Drillers also added six gas units, bringing the active natural gas rig count to 125. Texas saw the biggest gains, adding 17 rigs for 303. It saw the biggest growth in the Permian basin, which added 11 rigs.
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