MOSCOW, 3 Oct – PRIME. The number of operating oil and gas rigs in the US rose for the third week in a row. However, growth slowed in the third quarter amid recession fears and supply chain disruptions. This was reported on Friday by the oilfield service company Baker Hughes.
The number of active oil and gas rigs, a leading production indicator, rose by 1 unit to 765 units in the week of September 24-30, according to Baker Hughes.
The total number of operating drilling rigs is 237 units or 45% more than a year ago.
The number of oil drilling rigs in the reporting week increased by 2 units, up to 604 units. The number of gas drilling rigs decreased by 1 unit to 159 units.
In September, the number of operating drilling rigs did not change compared to August.
In the 3rd quarter, the number of oil and gas drilling rigs increased for the 8th quarter in a row, an increase of 12 units. However, this is the smallest quarterly increase since September 2020.