The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...

The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data.

And in Louisiana, drillers cut one rig, bringing the total down to 29, the lowest since August 2020. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and ...