The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 740 this week—270 rigs higher than the rig count this time in 2021, but insufficient to ease market fears in the current tight oil market. Oil rigs in the United States rose by 4 this week to 584. Gas rigs rose by 3 to 154. Miscellaneous rigs stayed the same at 2. The rig count in the Permian Basin was flat this week at 345. Rigs in the Eagle Ford rose by 1, to 69. Oil and gas rigs in the Permian are 108 above where they were this time last year. Primary Vision’s Frac Spread Count, an estimate of the number of crews completing unfinished wells—a more frugal use of finances than drilling new wells—rose last […]