• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 hours Evergrande is going Belly Up.
  • 3 hours U.S. Presidential Elections Status - Electoral Votes
  • 14 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 5 hours Poland Expands LNG Powered Trucking and Fueling Stations
  • 2 days And now, hybrid electric locomotives...
  • 1 day Ozone layer destruction driving global warming
  • 2 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 1 day The coming Cyber Attack
  • 1 day Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 2 days 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 2 days The Painful Death of Coal
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 – Up 125 Since OPEC Deal

The number of active oil and gas rigs in the United States increased again, although modestly, on Friday by 3. Both benchmarks were trading down earlier on Friday despite reports of OPEC/non-OPEC compliance of 86 percent, along with Thursday’s EIA inventory data that showed another week of record-high crude oil inventories of 518.7 million barrels.

The total number of active oil and gas rigs in the United States is now 754, according to oilfield services provider Baker Hughes, which is 252 rigs above the rig count a year ago.

The number of oil rigs increased this week by 5, up from 597 last week to 602 this week. The number of active oil rigs in the United States is now the highest since October 09, 2015.

Oil rigs have increased by 125 since the OPEC agreement was announced on November 30, as US drillers are continuing to gain as OPEC continues to hold its members largely to specified production caps.



The number of gas rigs declined by 2 this week, and now stand at 151, ending a fourteen-week streak of no losses.

Oil and gas rigs increased in the Permian, Eagle Ford, Cana Woodford, and Haynesville basins, and decreased in the Granite Wash and Williston basins.

In Canada, the rig count climbed by 10 to 341—166 rigs more than this time last year—partially offsetting last week’s 21-rig decrease.

At 11:17 am EST WTI was trading down 0.64% at $54.10—around $1.00 higher last Friday’s pre-rig count price. The Brent crude benchmark was trading down 0.83% at $56.11—more than $.60 above the price point last Friday.

By 1:12pm EST, WTI was down further at $54.05, while Brent was up slightly over pre-rig count levels to $56.16.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Dan on February 24 2017 said:
    I wouldn't think that should be an issue considering the length of time rig counts were down while production remained high. Certainly depletion rates were much higher therefore generating a need for higher rig counts. Once you take it out, its gone for good.
  • Leo on February 24 2017 said:
    US shale producers are parasites with no shame who mooch off the OPEC cuts, they should be forced to cut their production also
  • Tony on February 24 2017 said:
    @Leo. Are you a Communist?

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