TREE NEWS reports: The number of active oil and gas drilling rigs in the United States rose to 599 in the week ended September 25, up from 595 in the prior week. The weekly count covers total US drilling activity tracked by the industry. The 4-rig increase marks a modest rebound from the previous week’s level.
US total rig count rises to 599 in week to Sept 25
AI take
A four-rig weekly move is well within normal noise, so the headline number itself carries little signal for crypto or RWA markets. What matters is the direction of drilling activity as a proxy for US energy supply expectations, which feeds into power costs and the economics of energy-intensive operations. Whether this modest rebound extends or reverses in coming weeks is the open question.
Generated by AI for reference only.
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