Oil Rig Count Rises Despite Ballooning Shale Debt

The number of active oil and gas rigs in the United States
rose this week by 5 rigs as drillers in the United States continue
to add rigs in defiance of low oil prices, albeit at a slower rate.
Combined, the total oil and gas rig count in the US now stands at
949 rigs, up 468 rigs from the year prior, with oil rigs in the
United States increasing by 3 and gas rigs declining by 8. Oil rigs
in the United States now number 768—372 rigs above this time last
year. Canada, which lost 3 oil and gas rigs last week, gained three
this week—all…

The number of active oil and gas rigs in the United States
rose this week by 5 rigs as drillers in the United States continue
to add rigs in defiance of low oil prices, albeit at a slower rate.
Combined, the total oil and gas rig count in the US now stands at
949 rigs, up 468 rigs from the year prior, with oil rigs in the
United States increasing by 3 and gas rigs declining by 8. Oil rigs
in the United States now number 768—372 rigs above this time last
year. Canada, which lost 3 oil and gas rigs last week, gained three
this week—all…