US drillers add oil and gas rigs for second week in a row, Baker Hughes says

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, 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 four to 586 in the week to February 7.

Despite this week’s rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year.

Baker Hughes said oil rigs rose by one to 480 this week, while gas rigs increased by two to 100.

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Source: yahoo!finance

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