U.S. Oil Rig Count Rises By 1 to 412 -- Market Talk
Dow Jones
Feb 07
1334 ET - The number of rigs drilling for oil in the U.S. rose by one this week to 412, and was down by 68 from a year earlier, oil services company Baker Hughes reports. The U.S. has maintained record oil production despite the lower number of rigs, although output fell last week by an average of 481,000 barrels a day to 13.2 million b/d due to freeze-offs caused by winter storm Fern, according to the latest EIA data. Rigs directed at natural gas rose by five this week to 130, the most since November and 30 more than a year ago.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 06, 2026 13:34 ET (18:34 GMT)
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