Friday, September 30, 2016 1:16:13 PM
The gas rig count increased by four to 96.
The oil-rig count has not fallen during the last 14 weeks, the longest streak since before oil prices started slumping in 2014. The tally is now at the highest level since the week of February 12.
After the oil crash started, drillers were forced to cut costs in various ways, including reducing the number of active rigs. The rig count became one way to gauge how oilfields service providers were responding to changes in oil prices, and how confident they felt about market conditions.
http://www.businessinsider.com/baker-hughes-rig-count-september-30-2016-9
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