In its relatively short lifespan, horizontal directional drilling has gone from boom to bust and is now making its way back up again. The used equipment market for drill rigs has followed this cycle.

The number of active rigs drilling for oil and gas in the U.S. fell by 1 to 592, their first decline in three weeks, Baker Hughes said.

The number of active rigs drilling for oil and gas in the U.S. rose by 1 to 593 for a fifth straight weekly gain, Baker Hughes said Friday in its latest report. Despite the increase, Baker Hughes ...