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U.S. Drillers Add Oil and Gas Rigs for Third Week in a Row – Baker Hughes

Dec 28, 2021

U.S. energy firms this week added oil and natural gas rigs for a third week in a row as demand for energy keeps growing after last year’s coronavirus demand destruction.

The oil and gas rig count, an early indicator of future output, rose seven to 586 in the week to Dec. 23, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Thursday.

Baker Hughes released the rig count a day early, on Thursday, due to the Christmas holiday.

U.S. Drillers Add Oil and Gas Rigs for Third Week in a Row – Baker Hughes