US Oil Drillers Continue to Add Rigs
US Hits Iran-Flagged Oil Tankers While Peace Talks Continue Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 548, down 30 from this same time last year.
The number of active oil rigs rose by 2 to 410 during the latest reporting period, according to the data.
This is 57 below this same time last year.
Gas rigs now sit at 129, which is 21 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production fell during week ending May 1.
US crude oil production averaged13.573 million bpdduring the reporting period—289,000 bpd under the all-time high.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose during the week ending May 1 by 5 to 174 crews.
The number of active drilling rigs in the Permian Basin rose by 1 to 242, which is 43 rigs under year-ago levels.
The count in the Eagle Ford was unchanged at 43, which is 3 fewer than this same time last year.
Oil prices were up slightly on Friday morning, as the Strait of Hormuz remains closed without promise of a speedy end to the conflict.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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