U.S. drillers add oil and gas rigs for third week in four -Baker Hughes

Gulfport Energy

02/07/2021 18:04

July 2 (Reuters) - U.S. energy firms added oil and natural
gas rigs for a third time in four weeks as oil prices rose to
their highest since 2018, prompting some drillers to return to
the wellpad.
    The oil and gas rig count, an early indicator of future
output, rose by 5 to 475 in the week to July 2, its highest
since April 2020, energy services firm Baker Hughes Co  BKR.N 
said in its closely followed report on Friday.  RIG-USA-BHI 
 RIG-OL-USA-BHI   RIG-GS-USA-BHI .    
    That put the total rig count up 212, or 81%, over this time
last year. It was also up 95% since falling to a record low of
244 in August 2020, according to Baker Hughes data going back to
1940.

 (Reporting by Scott DiSavino
Editing by Chizu Nomiyama)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))
 
((For Refinitiv, formerly called Thomson Reuters Analytics, see: cpurl://apps.cp./cms/?pageid=usa-gas cpurl://apps.cp./cms/?pageid=usa-gas
    For U.S./Canada natural gas rig count vs Henry Hub futures price, see: http://tmsnrt.rs/2eT9k44
    U.S. natural gas inventories: http://tmsnrt.rs/2ewaRk2
    For a list of all Baker Hughes rig counts around the world, see:  RIG-NOM-BHI 
    For U.S. oil rigs, see:  RIG-OL-USA-BHI 
    For U.S. gas rigs, see:  RIG-GS-USA-BHI ))