Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.

The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data.

The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

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U.S. drilling activity increased with the Permian Basin leading the surge, as Baker Hughes reports a rise in rig count for ...

Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first eight-week period.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

In a market already saturated with oil, companies aren't likely to drill more. But the oil and gas industry still stands to ...

Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly ...