BHI: US Rig Count Rises for 13th Straight Week

Oil & Gas Journal | Matt Zborowski

U.S. crude oil rig count surges to 2-year high, according to Baker Hughes’ data.

The tally of active rigs in the US gained 8 units to 847 during a week ended Apr. 13 shortened a day by the Good Friday holiday, Baker Hughes Inc. data indicated. Much of the lift was again provided by the Permian—but this time on the New Mexico portion of the basin.  It marked the 13th straight week in which the overall count has increased. The count is now up 440 units year-over-year and 443 units since the bottom of the drilling dive on May 20-27, 2016.

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