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Rig Counts Up

By: Matt Karol / Posted on: February 11, 2021

Since 1944, one of the largest oil field service companies in Texas, Baker Hughes Company, has released data at the end of each week on the state of the oil and gas industry. Last week, Baker Hughes reported an increase in U.S. rig counts which affects demand in a variety of energy sectors such as drilling, completion and production. These rigs are aided in the exploration and production of oil and natural gas domestically.

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