All articles tagged with #drilling rigs
The total number of active drilling rigs for oil and gas in the United States fell by 2 to 619, with oil rigs down by 2 and gas rigs down by 1 compared to last year. U.S. crude oil production remained at 13.2 million bpd, while completion crews continued to decrease, reaching their lowest level since December 2021. Oil prices rose due to supply fears in the Red Sea, with WTI trading at $73.06 and Brent at $78.55.
The number of active drilling rigs in the United States increased by 3 this week, bringing the total count to 622. The number of oil rigs rose by 4 to 501, while the number of gas rigs fell by 1 to 117. Crude oil production in the US reached a record high of 13.2 million barrels per day. The WTI benchmark was trading at $86.44 per barrel, while the Brent benchmark was trading at $89.65 per barrel.
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.
The number of active drilling rigs in the United States dropped by 6 this week, bringing the total rig count to 669. This marks a loss of over 100 active drilling rigs so far this year and a decrease of 406 rigs compared to the beginning of 2019. The number of oil rigs declined by 7 to 530, while gas rigs fell by 2 to 131. However, the Frac Spread Count, which estimates the number of crews completing unfinished wells, increased by 3 to 263. Crude oil production levels remained steady at 12.3 million bpd, with a year-on-year increase of 400,000 bpd. Crude oil prices also saw a slight increase, with WTI trading at $76.56 per barrel and Brent at $80.51 per barrel.