U.S. Drillers Add More Rigs Amid Rising Oil Prices

The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is now 528, up 262 from this time last year, but lagging behind the 790 active rigs in March 2020. The U.S. oil rig count rose this week to 428—a 7-rig increase. The number of gas and miscellaneous rigs stayed the same. The EIA’s estimate for oil production in the United States for the week ending September 24 rose 500,000 bpd for the second week in…