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Update: US Active Rig Count Rises by 1, Baker Hughes Says

-- (Updated to include additional details.)

The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by one to 544 in the week ending April 24, according to data from Baker Hughes (BKR) released Friday.

The US oil rig count dropped by three from 410 the previous week to 407, while the number of gas rigs increased by four from 125 the previous week to 129. The number of miscellaneous rigs in the US held steady at eight from last week, the data revealed.

The US had 475 oil, 107 gas, and five miscellaneous rigs in operation a year earlier.

The consolidated North American oil and gas rig count, a key early indicator of future production levels, rose by one to 674 from 673 the previous week.

Price: $68.50, Change: $+4.01, Percent Change: +6.22%

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