Drilling rig count rises to kick off December

December 8, 2017

Oil drilling activity continues to pick up with rigs added to both the Permian Basin and South Texas' Eagle Ford shale this week.

Those gains offset losses in other states, contributing to a net gain of two oil drilling rigs nationwide. The number of rigs drilling for natural gas stayed flat, according to weekly data collected by Baker Hughes.

The Permian and Eagle Ford added three new rigs apiece, contributing to a net gain of five rigs for Texas. New Mexico, which has a portion of the Permian, tacked on three rigs.

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