The U.S. oil rig count slipped to 607 the week ending Feb. 17, but the gas rig count rose to 115, according to Baker Hughes.
ADNOC Drilling was able to report a 33% net profit increase in 2022 due in large part to new rigs being added to the company's operational fleet, which now contains 115 rigs.
The U.S. oil rig count rose to 609 by 10, while the gas rig count fell to 150 by eight, according to Baker Hughes.
This week, the U.S. oil rig count dropped 10 to 599, while the gas rig count slipped two to 158, according to oilfield services firm Baker Hughes.
The U.S. oil and gas rig count remains steady at 771 in the week ending Jan. 27, according to Baker Hughes.
Uganda discovered commercial reserves of petroleum nearly 20 years ago but has experienced delays over lack of infrastructure.
The U.S. oil rig count fell 10 to 613, the lowest since November, while gas rigs rose six to 156, in their biggest weekly rise since February, according to Baker Hughes.
Shale braces for another disappointing year of weaker output gains, rising costs and dwindling reserves in 2023.
According to Baker Hughes, the U.S. oil and gas rig count rose to 779 in the week ending Dec. 22.
According to Baker Hughes, the U.S. oil rig count fell by five to 620, while the gas rig count rose one to 154 during the week ending Dec. 16.