The number of active drilling rigs in the United States rose by 22 this week—the 16th straight weekly increase to the number of oil and gas rigs in the United States, and the largest single-week rise since February 2018. The total rig count now sits at 635 as the price of a WTI barrel slipped this week from its multi-year highs. Baker Hughes reported this week that the total active rig figure—oil, gas, and miscellaneous—is 238 rigs higher than the rig count this time in 2021. Oil-directed rigs rose 19 to 516, while gas-directed…
