US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes
Equinor Pulls Out of Japan’s Offshore Wind Market What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… 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 573, up 26 from this same time last year.
The number of active oil rigs rose by 7 to 440 during the latest reporting period, according to the data.
The number of gas rigs rose by 3 to 125, which is 16 more than this time last year.
The miscellaneous rig stayed the same at 8.
The latest EIA data showed that weekly U.S.
crude oil production rose during the week ending June 19.
US crude oil production averaged13.819 million bpdduring the reporting period, up from 13.806 million bpd last week and up 384,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, stayed the same for the week ending June 19, at 192 crews.
The number of active drilling rigs in the Permian Basin rose by 2, reaching 258.
The count in the Eagle Ford stayed the same at 44, which is 3 more than this same time last year.
Oil prices were down on Friday, with Brent now trading at$71.90(-4.46%) per barrel—a $15 per barrel loss week over week.
WTI was also trading down on the day at $69.43 (-3.82%).
| 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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