Rig Count Climbs As Oil Prices Bounce Back

The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 752 this week—273 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 2 this week to 597. Gas rigs stayed the same at 153. Miscellaneous rigs were also unchanged, at 2. The rig count in the Permian Basin rose by 1 this week to 350. Rigs in the Eagle Ford held steady at 68. Oil and gas rigs in the Permian are 113 above where they were…