Baker Hughes reports a rise in US drilling activity, with the rig count increasing by four to 586, marking a second consecutive weekly gain.

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The number of active rigs drilling for oil and gas in the U.S. rose by 4 to 586, Baker Hughes said in its latest weekly report.

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The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data ... Directional drilling rigs were unchanged at 50.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...