All articles tagged with #gas rigs
The total number of active drilling rigs in the United States fell by 7 this week, with the number of active oil rigs plunging to their lowest level since January 2022. The total rig count is now 457 fewer than at the beginning of 2019. Crude oil production levels in the United States remained steady at 13.2 million bpd, the highest ever recorded.
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.