The US rig count rose by one drilling rig as oil companies idled three oil-hunting units and propped up four gas rigs, Baker Hughes said Friday.
That brought the nation’s rig fleet to 944, up from a record low of 404 in May 2016.
Companies took two rigs off Alaskan oil fields, and one each from Arkansas, Colorado and Louisiana. Drillers added one rig each in North Dakota, Pennsylvania and West Virginia.
Texas stayed flat, with 454 rigs, up from a low of 173 in May 2016.
This first appeared on the Houston Chronicle – an Energy Voice content partner. For more click here.