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Update: US Active Rig Count Rises by 3, Baker Hughes Says

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-- (Updated to include additional details.)

The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by three to 547 in the week ending May 1, according to data from Baker Hughes (BKR) released Friday.

The US oil rig count rose by one from 407 the previous week to 408, while the number of gas rigs increased by one from 129 the previous week to 130.

The number of miscellaneous rigs in the US rose by one from eight the previous week to nine, the data revealed. The US had 472 oil, 108 gas, and four miscellaneous rigs in operation a year earlier.

The consolidated North American oil and gas rig count, a key early indicator of future production levels, dropped by four to 670 from 674 the previous week.

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