Total U.S. Drilling Rig Count Sees Significant Increase

Friday, 15 March 2024, 18:00

The total number of active drilling rigs in the U.S. spiked by 7 to reach 629 in the most recent Baker Hughes survey. This surge marks a substantial recovery from the previous week's decline, indicating a potential uptrend in the energy sector. The rise in drilling activity could have implications for the oil and gas markets, with investors closely watching for further developments.

https://store.livarava.com/ce8527ba-e2f6-11ee-9675-5254a2021b2b.jpe — Total U.S. Drilling Rig Count Sees Significant Increase

U.S. Drilling Rig Count Update

The latest Baker Hughes survey revealed a notable increase of 7 drilling rigs in the U.S., bringing the total count to 629.

Key Takeaways:

Recovery: The surge in rig count signals a bounce back from the previous week's decline.
Industry Impact: Investors are monitoring the implications on energy markets closely.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

U.S. Drilling Rig Count Update

Key Takeaways:

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