US Oil Drillers Add Even More Rigs As Oil Prices Stay Higher
South Africa’s Top Court Blocks Shell Wild Coast Exploration Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
Her… 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, with the total rig count in the US rising to 593, up 54 from this same time last year.
The number of active oil rigs rose by 1, reaching 455 during the latest reporting period, according to the data.
This is 43 above this same time last year.
The number of gas rigs rose by 4 to 128, which is 6 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production rebounded slightly during the week ending August 7.
US crude oil production averaged13.805 million bpdduring the reporting period, up from 13.804 million bpd last week and up 521,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose by 2 in the week ending August 7, to 196 crews, after losing 4 in the week prior.
The number of active drilling rigs in the Permian Basin rose by 2 in the reporting period, hitting 265.
The count in the Eagle Ford stayed the same at 49, which is 10 more than this same time last year.
Oil prices were up on Friday with Brent now trading at$87.94(+1.00%) per barrel.
| 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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