Baker Hughes US oil rig count 211 vs 205 prior

Second pop in a row

Baker Hughes US oil rig count
  • Prior was 205
  • Gas rigs 73 vs 74 prior

I can't make sense of the recent rise in drilling. There are lots of DUCs there and it could be about keeping production flat. I can't see any company trying to boost output in this environment.

Best in 2026

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