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(Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes Co said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose three to 775 in the week to Jan. 13. That puts the total rig count up 174, or 29%, over this time last year.
U.S. oil rigs rose five to 623 this week, in their biggest build since November, while gas rigs fell two to 150, their lowest since May.
U.S. oil futures were down about 1% so far this year after gaining about 7% in 2022.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
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