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Total active drilling rigs in the U.S. rose by 2 to 618, climbing after back-to-back weekly declines, according to the latest survey reported by Baker Hughes.
Drilling rigs targeting crude oil in the U.S. jumped by 6 to 500, the largest weekly increase since February, while gas rigs fell by 4 to 114 and 4 rigs remain classified as miscellaneous.
Rigs targeting crude oil in the Permian Basin added 4 to 307, and oil rigs in the Eagle Ford stayed flat at 47.
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Image and article originally from seekingalpha.com. Read the original article here.