Energy Preview: US oil rig count up by 1, says Baker Hughes

The total number of active drilling rigs for oil and gas in the United States held steady in the week to March 14, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US stayed at 592 rigs, according to Baker Hughes, down 37 from this same time last year amid the pervasive Drill Baby Drill sentiment of the Trump Administration, tariff wars, and sanctions. The number of oil rigs rose by 1 to 487?down by 23 compared to this time last year. The number of gas rigs fell by 1 again last week to 100 for a loss of 16 active gas rigs from this time last year. Miscellaneous rigs (which could include exploratory drilling not targeting oil or gas, geothermal drilling, helium exploration, or even carbon sequestration wells) were unchanged at 5.

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