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Updated August 27, 2019. U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals...
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U.S. energy firms added oil and natural gas rigs for the second time in three weeks, according to Energy Services firm Baker Hughes, in its closely followed report on July 19.
The total number of oil and gas rigs, an early indicator of future output, rose by two to 586 in the week ending July 19, its highest level since late June.
Despite this week's rig increase, Baker Hughes said the total count was still down 83 rigs, or 12%, below this time last year.
Oil rigs fell by one to 477 this week, their lowest since December 2021, while gas rigs rose by three to 103, their highest since mid-May.
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