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

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

15 Feb U.S. drillers add oil rigs for fourth consecutive week -Baker Hughes

Posted at 18:06h in News by KMFSLLP 0 Comments

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Feb 16 (Reuters) – U.S. energy companies added oil rigs for
a fourth week in a row even though crude pulled back from
three-year highs over the past couple of weeks as more drillers
boost their 2018 spending plans.
Drillers added seven oil rigs in the week to Feb. 16,
bringing the total count up to 798, the highest level since
April 2015, General Electric Co’s Baker Hughes energy
services firm said in its closely followed report on Friday.

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