HOUSTON (Bloomberg) -- Rigs targeting oil in the U.S. hit a record for the fifth straight week as companies ramped up drilling in shale formations across the South. Oil rigs increased by one to 1,563, the most since Baker Hughes Inc. separated its oil and gas counts in 1987, the company’s website showed. They rose the most in the Granite Wash shale formation of Texas and Oklahoma and the Eagle Ford in South Texas. The gas count was unchanged at 311, the Houston-based field services company said.
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U.S. oil rigs rise to record as drillers focus on Texas
![U.S. oil rigs rise to record as drillers focus on Texas]()
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