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Update: US Active Rig Count Rises by 7, Baker Hughes Says

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(Updated with additional details.)

The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by seven to 588 in the week ending July 17, according to data from Baker Hughes (BKR) released Friday.

The US oil rig count rose by seven from 445 the previous week to 452, while the number of gas rigs remained unchanged at 126, the data showed.

The number of miscellaneous rigs in the US held steady at 10 from last week. The US had 422 oil, 117 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, increased by 26 to 786 from 760 the previous week.

Price: $55.85, Change: $-0.69, Percent Change: -1.22%

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