U.S. oil rig count soars this week
Including 198 other land rigs drilling for natural gas and two listed as miscellaneous, there are a total of 1,059 working rigs in the country, 13 more week over week and up by 151 year over year.
The data come from the latest Baker Hughes North American Rotary Rig Count.
The natural gas rig count fell by two to 198 this week. The count for natural gas rigs is now up by 13 year over year. Natural gas for July delivery traded down about 0.6% at around $2.95 per million BTUs, which is up about seven cents compared to last Friday. ■