U.S. drilling rig count edges higher, Baker Hughes reports (NYSEARCA:USO) | Seeking Alpha

2022-10-03 20:57:53 By : Mr. Barton Zhang

imaginima/E+ via Getty Images

imaginima/E+ via Getty Images

Active drilling rigs in the U.S. added 1 to 764, 47% higher than the active rig count at the same time a year ago but roughly flat during the past month, Baker Hughes reported Friday in its latest weekly survey.

Drilling rigs targeting crude oil rose by 3 to 602 while gas rigs dropped by 2 to 160, with 2 rigs classified as miscellaneous.

Rigs targeting oil in the Permian increased by 2 to 339.

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