Pace Of US Oil Rig Count Growth Slows As Prices Climb

The number of active oil rigs in the United States rose this
week by 2 rigs showing a growth—albeit a slower one—in oil drilling
as US players proceed more cautiously than before. Combined, the
total oil and gas rig count in the US now stands at 958 rigs, up
495 rigs from last year, with oil rigs in the United States
increasing by 2 and gas rigs increasing by 6 this week. Canada,
which added 15 oil and gas rigs the week prior, added another 14
rigs for week this week. Of the 14 new active rigs this week in
Canada, 11 were oil rigs.…

The number of active oil rigs in the United States rose this
week by 2 rigs showing a growth—albeit a slower one—in oil drilling
as US players proceed more cautiously than before. Combined, the
total oil and gas rig count in the US now stands at 958 rigs, up
495 rigs from last year, with oil rigs in the United States
increasing by 2 and gas rigs increasing by 6 this week. Canada,
which added 15 oil and gas rigs the week prior, added another 14
rigs for week this week. Of the 14 new active rigs this week in
Canada, 11 were oil rigs.…