Oil Rig Count Posts 6 Straight Gains, Longest Run Since 2022

Oil drilling rises in longest U.S. streak since 2022 on price bump

US oil drilling has expanded for six straight weeks, the longest uptrend in almost four years, after the Iran war pushed crude prices higher.  The number of rigs drilling across US oil fields rose by two this week to 431, according to data released by Baker Hughes Co. on Friday. The last such streak for domestic exploration was in mid-2022, when energy demand began to recover from pandemic-era lockdowns. The trend suggests shale drillers are res…

Oil Rig Count Posts 6 Straight Gains, Longest Run Since 2022

U.S. oil drilling has expanded for six straight weeks, the longest uptrend in almost four years, after the Iran war pushed crude prices higher.

US Drillers Continue to Add Oil Rigs

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 563, up 4 from this same time last year. The number of active oil rigs rose by 2 to 431 during the latest reporting period, according to the data. This is 11 below this same time last year. The number of gas rigs fell by 1 to 124, which is 10 more than…

US Drilling Rigs Rise in Longest Streak Since 2022 on Hormuz Price Bump - Energy News Beat

Houston, TX – June 6, 2026 – U.S. oil-directed drilling rigs posted their sixth consecutive weekly gain this week—the longest upward streak in domestic exploration since mid-2022—pushing the Baker Hughes oil rig count to 431. The increase comes as higher crude prices, fueled by ongoing disruptions and geopolitical tensions in the Strait of Hormuz, continue to support renewed drilling activity across U.S. shale basins. According to Baker Hughes’ …

US Energy Firms Add Rigs for Seventh Week in a Row, Says Baker Hughes - Energy News, Top Headlines, Commentaries, Features & Events

By Scott Disavino NEW YORK, June 5 (Reuters) – U.S. energy firms this week added rigs for a seventh week in a row for ​the first time since May 2022, energy services firm ‌Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and natural gas rig count, an early indicator of ...