U.S. drilling activity increased for the third consecutive week, with Texas adding the most rigs, according to Baker Hughes.

U.S. drilling activity increased with the Permian Basin leading the surge, as Baker Hughes reports a rise in rig count for the first time in eight weeks.

HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Thursday reported fourth-quarter earnings of $1.18 billion. The Houston-based company said it had net income of $1.18 per share.