U.S. Oil, Gas Drillers Still on Hold
ExxonMobil Profits Double to $15.4 Billion 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 remained unchanged again this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 57 from this same time last year.
The number of active oil rigs rose by 2, to 462 during the latest reporting period, according to the data.
This is 48 above this same time last year.
The number of gas rigs fell by 2 to 130, which is 5 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production rose during the week ending October 23.
US crude oil production averaged13.992 million bpdduring the reporting period, up from 13.269 million bpd last week and up 348,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell for the second week in a row during the week ending October 23, losing 5 crews and sinking to 194.
The number of active drilling rigs in the Permian Basin stayed the same during the reporting period, at 272.
The count in the Eagle Ford dipped by 1 to 50, which is 7 more than this same time last year.
Oil prices were up on Friday prior to the data release, with Brent now trading at$117.58(+2.35%) per barrel, and up $1 per barrel from 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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