• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours The Fascist Dictatorship called Russia under Dictator for Life Putin
  • 6 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 1 day Russia, Ukraine and "2022: The Year Ahead"
  • 20 hours FOREX. Currencies of oil-producing countries.
  • 3 days "Tackling One Of The Fracking Industry’s Biggest Problems" by Robert Rapier
  • 3 days Energy Storage Could Emerge As The Hottest Market Of 2022
  • 3 days NordStream2
  • 3 days Following the Big Money
How The IEA Lost 200 Million Oil Barrels

How The IEA Lost 200 Million Oil Barrels

Estimates from the IEA showed…

U.S. Proved Oil Reserves Slip 19% In 2020

U.S. Proved Oil Reserves Slip 19% In 2020

Proved oil reserves in the…

Why The Bears Completely Missed The Mark On Oil Demand

Why The Bears Completely Missed The Mark On Oil Demand

Many industry observers were quick…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

U.S. Oil Rig Count Rises As Crude Prices Climb Higher

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 461 as U.S. drillers boast more than 100 additional rigs this year.

In the week prior, the U.S. oil and gas rig count decreased by 1. But the trend is definitely one of gaining rigs, with 110 rigs added this year to date.

The total number of active oil and gas drilling rigs in the U.S. is now 182 more than this time last year.

The oil rig count rose by 6 this week to 365. The number of gas rigs decreased by 1 for the third week in a row, and now sits at 96. The number of miscellaneous rigs stayed the same.

The EIA’s estimate for oil production in the United States for the week ending June 4—the last available data—returned to an average of 11.0 million barrels per day compared to the 13.1 million bpd peak production reached in February 2020, before the pandemic crushed oil demand.

Canada’s overall rig count increased this week by 16. Oil and gas rigs in Canada now sit at 93 active rigs, up 72 on the year. 

The rig count in the Permian basin increased by 4 this week. At 236 rigs, the Permian’s total rig count is now 99 rigs above what it was this time last year, but hundreds below the two years ago level.

The Frac Spread Count provided by Primary Vision shows that fracking crews decreased last week to 224.  The frac spread count estimates the number of completion crews finishing off previously drilled wells. This frac count is up by nearly 100 so far this year.

At 11:37 a.m. EDT, WTI was trading up $0.53 per barrel on the day at $70.82—up nearly $1.50 per barrel on the week.

The Brent benchmark was trading up $0.16 per barrel on the day, at $72.68 per barrel.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News