U.S. drilling rigs rise for fourth straight week, Baker Hughes says

Nov. 23, 2022 1:06 PM ETThe United States Oil ETF, LP (USO)UCO, DBO, USL, SCO, USOI, NRGUBy: Carl Surran, SA News Editor

Working Pumpjacks On Sunset

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The total count of active drilling rigs in the U.S. added 2 to 784, Baker Hughes said Wednesday in its latest report closing out a holiday-shortened week.

Drilling rigs targeting crude oil jumped by 4 to 627 while gas rigs declined by 2 to 155 and 2 rigs remained classified as miscellaneous.

Rigs targeting oil in the Permian Basin gained 3 to 348.


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