U.S. Oil Rig Count Rises as Oil Tops $100
Drone Strikes Hit Saudi Arabia’s Vital East-West Oil Pipeline 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 591, up 52 from this same time last year.
The number of active oil rigs rose by 1, reaching 450 during the latest reporting period, according to the data.
This is 34 above this same time last year.
The number of gas rigs rose by 2 to 132, which is 14 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production rose during the week ending September 4.
US crude oil production averaged13.947 million bpdduring the reporting period, up from 13.862 million bpd last week and up 452,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell for the fourth week in a row during the week ending September 4, to 178 crews, reaching the lowest point since May.
The number of active drilling rigs in the Permian Basin stayed the same during the reporting period, at 268.
The count in the Eagle Ford rose by 1 to 51, which is 9 more than this same time last year.
Oil prices were down on Friday prior to the data release, with Brent now trading at$105.07(-2.38%) per barrel, a figure that is $10 more than this time last week.
| 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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