Oil Rig Installation Surges in the US as Fuel Prices Rise
May 13, 2022
Earlier this week, energy companies in the United States added more natural gas and oil rigs amid rising prices of fuel. Last week, the gas and oil rig count had risen to 703, which is the highest figure recorded since March 2020.
The number of gas rigs in America rose to reach 146, which makes this new figure the highest since September 2019. On the other hand, the number of…
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