Oil’s Comeback: Signs Emerge That U.S. Producers Are Ready to Drill More

Written by on April 14, 2022

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The most recent Baker Hughes rig count showed that 16 rigs were added in the lower 48 states, the second-largest addition in three years.

Robyn Beck/AFP via Getty Images

When it comes to drilling new wells, most U.S. companies have taken a vow of abstinence for the past two years. With oil prices holding above $100 a barrel, those vows get harder to keep.

Last week’s rig count showed a large jump in rigs in the U.S., and new data on permits in one key U.S. basin . . .



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