US energy firms last week added oil and natural gas rigs for a seventh week in a row amid high prices and prodding by the government, although most shale producers were prioritizing shareholder returns over new spending on production.The oil and gas rig count, an early indicator of future output, …
Read More »US Drillers Add Oil, Gas Rigs For Fourth Week
US energy companies kicked off the new year by continuing to add oil and natural gas rigs this week after increasing the rig count in 2021 after two years of declines.The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to …
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