Oil Rig Count Rises Despite Omicron Uncertainty
The U.S. oil rig count saw a modest climb this week as drillers continue to deploy more rigs despite the quick rise in the number of Omicron cases
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The U.S. oil rig count saw a modest climb this week as drillers continue to deploy more rigs despite the quick rise in the number of Omicron cases
New-well oil production per rig has gained some serious ground over the last three years, increasing nearly 85% since the start of 2019, EIA data compiled by Oilprice shows
The number of active drilling rigs in the United States this week rose by 7
There has been no net change to the number of active drilling rigs in the United States this week
The U.S. oil rig count has increased by 23 over the last month, with six new rigs added this week just as oil prices crash below $70