Rigs targeting crude in Permian up by 12 to 189: Baker Hughes U.S. explorers add oil rigs for seventh week in a row U.S. oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014. Rigs targeting crude in the U.S. rose by 15 to 396, after seven were added last week, Baker Hughes Inc. said on its website Friday. Explorers have now added 66 rigs since June 24, led by rising activity in the Permian Basin in West Texas. This week’s additions mark the longest period of oilfield expansion since April 2014, when drillers added oil rigs nine weeks in a row. In the Permian, the country’s largest shale play, the count increased by 12 to 189 this week. A total of 56 oil rigs have been brought back to work in […]