• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 1 day "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 5 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 7 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 9 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Why Is The United States Still Exporting Fuel?

Why Is The United States Still Exporting Fuel?

The U.S. national average price…

Libya Oil Production Plunges Amid Field Closures

Libya Oil Production Plunges Amid Field Closures

Libya is producing only about…

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. Rig Count Unchanged After Crazy Week In Oil Markets

There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.

The total rig count remains at 569—a figure that is 246 up from this time last year. Active rigs are still hundreds less than the 790 active rigs that were drilling in the pre-covid world.

The U.S. oil rig count rose stayed at 467, while gas rigs stayed at 102. Miscellaneous rigs stayed at zero.  

The EIA's estimate for oil production in the United States for the week ending November 26 rose 100,000 bpd for the second week in a row to 11.6 million bpd.

Oil production is still below the 13.1 million bpd record set last year before the pandemic took hold in the United States.

Canada's overall rig count increased by 9. Active oil and gas rigs in Canada are now at 180, up 78 on the year. 

The rig count in the Permian Basin increased by 3 this week, with 119 rigs added since last year. The number of rigs in the nation's second most prolific basin, the Eagle Ford, saw no change to the number of active rigs. The Permian's total rig count is now 283, with 42 total in the Eagle Ford.

Primary Vision's Frac Spread Count, which tracks the number of completion crews finishing off previously drilled wells, shows that completion crews rose by 4 this week to 274 for week ending November 26. The frac count is up by more than 140 since the start of the year.

At 11:46 p.m. EDT, oil prices were trending up on the day despite renewed coronavirus fears and the announcement of a planned OPEC+ output hike for January.  WTI was trading at $67.91—up 2.12% on the day and down roughly $1.25 per barrel on the week. The Brent benchmark traded at $71.45, up 2.55% on the day and down roughly $2.35 per barrel on the week. 

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