Economics
U.S. Energy Rigs Gain for Second Week, Baker Hughes Says
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Rigs targeting gas in the U.S. advanced to the highest level since April, boosted by an increase in directional-drilling activity, as the count was seen reaching a bottom and set for a rebound.
Gas rigs gained for the third straight week, adding seven to 362, the most since April 26, data posted on Baker Hughes Inc.’s website show. Oil rigs declined by four to 1,391, and miscellaneous rigs slipped one to six, the Houston-based field services company said on its website. The total energy rig count increased by two to 1,759.