Declining U.S. Oil Rigs, Rising Gas Rigs, and International Offshore Downturn: A Weekly Update
TL;DR Summary
The total number of active drilling rigs in the US decreased by 4 this week, marking the second consecutive week of decline. Oil rigs fell by 5, while gas rigs saw an increase of 2. The Permian Basin and Eagle Ford also experienced fluctuations in their rig counts. Despite the decrease in rig count, crude oil production in the US remained steady at 12.9 million bpd. However, WTI and Brent benchmarks observed a drop in trading prices compared to the previous week.
- U.S. Oil Rigs Decrease for Second Week Running, Gas Rigs Rise OilPrice.com
- US drillers cut oil and gas rigs for third week in a row, Baker Hughes says Reuters
- International offshore rig count takes a downturn Offshore Energy
- Baker Hughes oil rig count 497 versus 502 last week. Crude oil is trading little changed ForexLive
- U.S. Natural Gas Drilling Increases Modestly as Oil Declines, BKR Data Show Natural Gas Intelligence
- View Full Coverage on Google News
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