KM Financial Solutions | U.S. drillers add oil rigs for 2nd consecutive week -Baker Hughes

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U.S. drillers add oil rigs for 2nd consecutive week -Baker Hughes

22 Mar U.S. drillers add oil rigs for 2nd consecutive week -Baker Hughes

Posted at 17:05h in News by KMFSLLP 0 Comments

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March 23 (Reuters) – U.S. energy companies added oil rigs
for a second week in a row as crude prices hover near three year
highs, prompting drillers to boost spending plans for this year.
Drillers added four oil rigs in the week to March 23,
bringing the total count to 804, the highest level since March
2015, General Electric Co’s Baker Hughes energy services
firm said in its closely followed report on Friday.

The U.S. rig count, an early indicator of fu