Mumbai, March 3 -- The total number of active drilling rigs for oil and gas in the United States rose for the week ended February 28, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior. The total rig count rose by 1 rig, to 593, according to Baker Hughes, down 36 from this same time last year. The number of oil rigs fell by 2-down by 20 compared to this time last year. The number of gas rigs rose by 3 to 102 for a loss of 17 active gas rigs from this time last year. Miscellaneous rigs was unchanged at 5.
Published by HT Digital Content Services with permission from Capital Market....