US Drillers Add Oil and Gas Rigs for Second Week in a Row, says Baker Hughes

rig worker sunset 3 1200x810

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

The oil and gas rig count, an early indicator of future output, rose by 1 to 549 in the week to November 14, its highest since October 24.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


Despite this week’s rig increase, Baker Hughes said the total count was still down 35 rigs, or 6% below this time last year.

Baker Hughes said oil rigs rose by three to 417 this week, their highest since October 24, while gas rigs fell by three to 125.

The number of miscellaneous rigs increased by one.

Reporting by Sarah Qureshi in Bengaluru; Editing by Nia Williams

Share This:


More News Articles

 

  • Related Posts

    Back to the 1970s? Investors Brace for a Return of Stagflation

    (Reuters) – Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to…

    How Might Trump Combat the Spike in Oil Prices?

    (Reuters) – U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have soared to the highest level since…

    Have You Seen?

    The Pacific winners from Gulf energy shutdown

    • March 10, 2026
    The Pacific winners from Gulf energy shutdown

    Oil Price Shock Could Worsen If U.S. Seizes Iran’s Strategic Oil Island

    • March 10, 2026
    Oil Price Shock Could Worsen If U.S. Seizes Iran’s Strategic Oil Island

    Record Volumes of Sanctioned Oil Sit on Tankers Offshore China

    • March 10, 2026
    Record Volumes of Sanctioned Oil Sit on Tankers Offshore China

    Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official

    • March 10, 2026
    Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official

    How Might Trump Combat the Spike in Oil Prices?

    • March 10, 2026
    How Might Trump Combat the Spike in Oil Prices?

    Back to the 1970s? Investors Brace for a Return of Stagflation

    • March 10, 2026
    Back to the 1970s? Investors Brace for a Return of Stagflation

    US Considering Selling Oil From Strategic Reserve, US Energy Chief Says

    • March 10, 2026
    US Considering Selling Oil From Strategic Reserve, US Energy Chief Says

    Trump Weighs Easing Russia Sanctions, Other Measures to Cool Oil Prices

    • March 10, 2026
    Trump Weighs Easing Russia Sanctions, Other Measures to Cool Oil Prices

    Europe’s Gas Prices Continue to Soar as War Resets Supply Routes

    • March 9, 2026
    Europe’s Gas Prices Continue to Soar as War Resets Supply Routes

    Trump Reviews Options to Curb Energy Prices as Iran Strikes Roil Markets

    • March 9, 2026
    Trump Reviews Options to Curb Energy Prices as Iran Strikes Roil Markets