In its last weekly release, Baker Hughes Company BKR stated that the U.S. rig count was lower than the prior week’s figure.
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The overall drilling rig count in North America is up 9 units during the week ended Jan. 17, with Canada’s double-digit oil-directed rig count increase leading the way.
Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic ...