The total number of active drilling rigs in the United States increased by two during the last week of January, reaching 546. This growth was primarily driven by a rise in natural gas drilling activity.
Oil rig counts remained relatively stable, while natural gas rigs saw a modest uptick. The overall rig count reflects ongoing trends in energy exploration and production.
**Why this matters**
Changes in rig counts provide insight into industry activity and future energy supply. An increase in natural gas drilling may indicate shifting market demands or price signals, affecting energy markets and related sectors.