U.S. drillers added oil rigs for a seventh week in a row, extending a recovery into a 10th month as energy companies, including ExxonMobil Corp., boost spending plans to take advantage of a crude price recovery.Drillers added seven oil rigs in the week to March 3, bringing the total count up to 609, the most since October 2015, energy services firm Baker Hughes Inc. said March 3. During the same week a year ago, there were 392 active oil rigs.
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Source: Daily Dose of ShaleDirectories.com News
March 3, 2017