US drillers added 10 oil rigs in week ending Aug. 10

11/08/2018 Argaam

 

U.S. energy companies added 10 oil rigs in the week ending Aug. 10, bringing the total count to 869, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The number of gas rigs rose by 3 to 186 gas rigs for the week, compared to 181 gas rigs a year earlier.

 

This is the most oil rigs U.S. drillers added since May, as they follow up on plans to spend more on exploration and production as crude prices increase in 2018, Reuters reported.

 

US oil & gas rigs

Rigs

A year ago

Previous week

Week ending Aug. 10

Week-on-week change

YoY

Oil

768

859

869

+10

+101

Gas

181

183

186

+3

+5

Oil & Gas

949

1044

1057

+13

+108

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