U.S. drillers add oil and gas rigs for sixth week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row as oil prices soared to their highest since 2014, prompting drillers to return to the wellpad.
The oil and gas rig count, an early indicator of future output, rose 10 to 543 in the week to Oct. 15, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.
That puts the total rig count up 261 rigs, or 93%, over this time last year.
U.S. drillers add oil and gas rigs for sixth week in a row -Baker Hughes
