Published December 1, 2021
U.S. energy firms added oil and natural gas rigs for a record 16 consecutive months as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad.
U.S. energy firms added oil and natural gas rigs for a record 16 consecutive months as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad.
The oil and gas rig count, an early indicator of future output, rose six to 569 in the shortened week to Nov. 24, its highest since April 2020, energy services firm Baker Hughes said in its closely followed report.
That puts the total rig count up 249 rigs, or 78%, over this time last year.
Read the full AP story here.
The upcoming Valve Forum: Conference & Exhibits will open with a timely and wide-ranging discussion on the state of the industrial valve industry, as leaders from across the value chain convene for the General Session on Monday, April 13 at The Westin in The Woodlands, Texas.
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Scholarships are awarded to VMA member company dependents studying engineering or manufacturing.
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