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US Oil Drillers Add Rigs Even in Price Uncertainty
Market Intelligence Analysis
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Why This Matters
US oil drillers added 5 rigs in the latest week, bringing the total to 551, despite uncertainty in oil prices, with oil rigs down 68 from last year and gas rigs up 30.
Market Impact
Market impact analysis based on neutral sentiment with 70% confidence.
Sentiment
Neutral
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The total number of active drilling rigs for oil and gas in the United States rose by 5 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 this week, down 35 from this same time last year. The number of active oil rigs rose by 1 to 412 during the latest reporting period, according to the data. This is 68 below this same time last year. The number of gas rigs rose by 5, reaching 130, which is 30 more than this time last year. The miscellaneous rig count slipped by 1 and now…
Original article published by
OilPrice.com
on February 6, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.