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Us Rig Count

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Rig Counts Fluctuate in North America

Originally Published 2 years ago — by OilPrice.com

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Source: OilPrice.com

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.

Analyzing Summer Weather and U.S. Rig Count for Natural Gas Price Forecast

Originally Published 2 years ago — by Natural Gas Intelligence

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Source: Natural Gas Intelligence

A Marex analyst suggests that the longer-term forecast for natural gas prices in the U.S. will be influenced by summer weather conditions and the rig count. The analyst highlights the importance of monitoring these factors to gauge the future direction of natural gas prices.