• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 5 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 20 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 1 day Nord Stream - US/German consultations
  • 3 days An Indian Opinion on What is Going on in China
  • 3 days Can Technology Keep Coal Plants Alive and Well?
  • 4 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 8 hours Forecasts for Natural Gas
  • 17 hours Australia sues Neoen for lack of power from its Tesla battery
  • 3 days Storage of gas cylinders
  • 4 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Will Saudi Arabia Ditch The U.S. For Russia And China?

Will Saudi Arabia Ditch The U.S. For Russia And China?

Russia’s suggestion to Saudi Arabia…

Can Colombia Capitalize On Climbing Crude Prices?

Can Colombia Capitalize On Climbing Crude Prices?

While Colombia’s rig count has…

Libya's Election Is All About Oil Money

Libya's Election Is All About Oil Money

The looming election in Libya…

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

Is The Oil Rig Count Collapse Finally Over?

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 183.

The total number of active oil and gas rigs increased for the week by 6 to 261, with oil rigs increasing by 4 and gas rigs increasing by 2.

Total oil and gas rigs in the United States are now down by 599 compared to this time last year.

The EIA’s estimate for oil production in the United States fell for the week ending September 18—the last week for which there is data, to 10.7 million barrels of oil per day, down from 10.9 million bpd in the week prior and 10.0 million bpd the week before that. U.S. oil production is still down 2.4 million bpd from its all-time high reached earlier this year.

Canada’s overall rig count rose by 7 this week. Oil and gas rigs in Canada are now at 71 active rigs, down 56 year on year. 

The Frac Spread Count in North America, which is provided by Primary Vision, rose by 4 last week, from 85 to 89. The Frac Spread Count—a metric that shows active well completion crews as opposed to Baker Hughes’ active well drilling - has sat below 100 since the last week of April. Before April, the Frac Spread Count has never dipped below 150 since Primary Vision started to collect data in 2014.

At 12:48 p.m. EDT, WTI was trading down $0.22 (-0.55%) on the day at $40.10, while Brent crude was trading down $0.06 (-0.14%) on the day at $41.88 per barrel as demand worries continue to weigh on the oil market.

At 1:12 pm, WTI was trading at $40.21 per barrel, with Brent changing hands at $41.87 per barrel. 

Get more information and historical data on the rig count and frac spread on oilprice.com's new rig count page.

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