Oil Rigs in U.S. Advances as Drilling in Granite Wash Surges

Rigs targeting oil in the U.S. gained this week as producers boosted horizontal drilling for crude in the Granite Wash play of Texas and Oklahoma.

Oil rigs rose by six to 1,388, data posted on Baker Hughes Inc.’s website show. Horizontal rigs targeting crude in the Granite Wash tight-oil play jumped by nine to 64, while gas rigs there slid by 10 to six. Total gas rigs in the U.S. declined by seven to 380, a five-week low, the Houston-based field services company said.