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Permian Rig Count Inches Higher As WTI Recoups Some Losses

The total number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published Friday, after rising by 5 last week. The total rig count rose to 755 this week—57 rigs higher than the rig count this time in 2022—still 320 rigs lower than the rig count at the beginning of 2019, prior to the pandemic.

Oil rigs in the United States stayed the same this week, at 591. Gas rigs rose by 2 for the second week in a row, to 161. Miscellaneous rigs also stayed the same. The rig count in…

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