U.S. Shale Drillers Restart Oil Rigs as Market Improves
- Number of U.S. rigs targeting crude advanced by 9 to 325
- It’s the second increase in rig count this year: Baker Hughes
in Bradford County, Pennsylvania, U.S., on Tuesday, April 6, 2010.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Oil explorers put drilling rigs back to work in U.S. fields for only the second time this year as supply and demand come closer into balance.
Rigs targeting crude in the U.S. rose by 9 to 325 this week, Baker Hughes Inc. said Friday. Explorers have idled more than 1,000 oil rigs since the start of last year. Natural gas rigs were trimmed by 5 to 82 this week, bringing the total for oil and gas up by 4 to 408.