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Tag Archives: US oil rig count

U.S. oil rigs decline, but up in Permian, Bakken

An oil well is pictured at sunrise in the Bakken oil fields near Sidney, Montana in this November 2014 handout photo. REUTERS/Smithsonian Channel/Handout via Reuters

U.S. oil drillers this week added one rig each in the Permian and Bakken shale basins, data showed on Friday, another sign that higher crude prices are coaxing producers back to the well pad after a six-month slump in activity. Overall, drillers reduced the number of rigs by four this week, oil services company Baker Hughes Inc said in its ...

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