US posts increase in number of oil and gas drilling rigs

The number of operating oil and gas drilling rigs in the United States decreased last week. Overall, however, the number of said installations showed the first monthly increase since July in October, Baker Hughes, an oil service company, said on Friday.

According to Report, the drilling activity remained resilient despite high energy prices and declining profits.

The number of active oil and gas drilling rigs, a outstripping the indicator of production, decreased by 3 units in the week to October 28, to 768 units.

Despite the decrease following the results of the reporting week, in general, in October the number of operating oil and gas drilling rigs turned out to be 224 units, or 41%, higher than last year.

The number of oil drilling rigs in the reporting week decreased by 2 units, to 610 units. The number of gas drilling rigs decreased by 1 unit to 156 units.