U.S. Oil Rig Count Rises By 6 to 462 -- Market Talk

1406 ET - The number of rigs drilling for oil in the U.S. increased by six this week to 462, a sixth consecutive rise to its highest level since May of 2025, according to data from Baker Hughes. The number of rigs was up by 44 from a year ago. The rise in oil prices since the start of the U.S.-Iran conflict has prompted more drilling, with U.S. crude production reaching a record just shy of 14 million barrels a day. The EIA estimates production will average 13.9 million b/d this year and rise to 14.3 million b/d in 2027. Rigs drilling for natural gas slipped by one this week to 132, or 12 more than a year ago. (anthony.harrup@wsj.com) (END) Dow Jones Newswires October 09, 2026 14:06 ET (18:06 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.