2023-03-24 14:00:06 ET
Total active drilling rigs in the U.S. rose by 4 to 758, Baker Hughes said in its latest weekly report , its second consecutive weekly increase after four straight declines.
Drilling rigs targeting crude oil in the U.S. rose by 4 to 593, while gas rigs stayed flat at 162 and three rigs remained classified as miscellaneous.
The total rig count is 13% higher than at the same time last year.
Rigs targeting oil in the Permian Basin increased by 3 to 348.
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U.S. rig count rises for second straight week in Baker Hughes survey