U.S. Oil Rig Count Continues to Rise

Dow Jones01:27

1327 ET - The number of rigs drilling for oil in the U.S. rose by seven last week to 452, and was up by 30 from a year ago, oil services company Baker Hughes reports. The rise in oil prices has favored a pickup in drilling activity, with 45 rigs added since the start of the U.S.-Iran conflict. The increased drilling is expected to lift output, according to the EIA, which sees crude oil production rising to 14 million barrels a day next year from 13.8 million b/d this year. Rigs drilling for natural gas were unchanged for a second straight week at 126, or nine more than a year ago, according to Baker Hughes. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 13:27 ET (17:27 GMT)

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Rigs drilling for natural gas were unchanged for a second straight week at 126, or nine more than a year ago, according to Baker Hughes.  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