US Oil Drillers Add Rigs
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027 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 stayed the same overall this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 588, up 49 from this same time last year.
The number of active oil rigs rose by 3, reaching 454 during the latest reporting period, according to the data.
This is 43 above this same time last year.
The number of gas rigs fell by 3 to 124, which is 1 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production rebounded slightly during week ending July 31.
US crude oil production averaged13.804 million bpdduring the reporting period, up from 13.796 million bpd last week and up 520,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell by 4 in the week ending July 31, to 194 crews, after gaining 2 in the week prior.
The number of active drilling rigs in the Permian Basin rose by 3 in the reporting period, hitting 263.
The count in the Eagle Ford stayed the same at 49, which is 11 more than this same time last year.
Oil prices were up on Friday with Brent now trading at$83.55(+1.29%) 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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