Rig Count Rise Snaps Three Week Slide

Rig Count Rise Snaps Three Week Slide

Five rigs come online
Drilling activity increased this week, breaking a three-week slide, according to the latest edition of Baker Hughes Weekly Rig Count.

A net five rigs came online this week, cancelling out the five that shut down last week. All five rigs are land-based, meaning there are now 1,029 land, four inland waters and 19 offshore rigs active in the country, for a total of 1,052 rigs operational.

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Source: Oil & Gas 360

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