Rising Oil Prices Result in Higher Rig Counts in the US and Across the Globe

With oil prices higher than months ago, the number of international oi land gas rigs in operation in January 2018 was 960, up 6 from the 954 counted in December 2017.

Baker Hughes, a GE company released the figures this week showing the international count was also 27 higher than the 933 rigs counted in January of 2017.

The international offshore rig count for January 2018 was 196, an increase of five from December but down 10 from January 2017.

The average US rig count for January was 937, seven more than in December 2017 but 254 higher than the 683 counted in January 2017.

Worldwide, the rig count for January 2018 was 2,175, an increase of 86 from December 2017 and up 257 from January 2017.