Stability in US Drilling Rig Numbers, Reports Baker Hughes
Stability in US Drilling Rig Numbers, Reports Baker Hughes
The number of US drilling rigs remains steady at 585, according to Baker Hughes.
There was a minor decrease in oil drilling rigs, down by one to 479, while natural gas rigs increased by one to 102.
US energy companies are looking to expand drilling operations to take advantage of current favorable price levels.
Market stability is supported by OPEC+ commitments to reduce global production, benefiting shale oil companies.
Baker Hughes is a key player in the oilfield services industry, providing essential products and consulting services.
