U.S. Rig Count Rises – Baker Hughes

The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian Basin—America’s top oil-producing region—saw a drop of three rigs, bringing its total to the lowest level since February 2022.

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