• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 2 days Bad news for e-cars keeps coming
  • 3 days China deletes leaked stats showing plunging birth rate for 2023
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
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

Oil, Gas Drilling Activity In The U.S. Perks Up

Marcellus shale

The total number of total active drilling rigs in the United States rose by 5 this week, according to new data from Baker Hughes published Friday, after falling 3 last week.

The total rig count rose to 753 this week—58 rigs higher than the rig count this time in 2022—still 322 rigs lower than the rig count at the beginning of 2019, prior to the pandemic.

Oil rigs in the United States increased by 3 this week after two weeks of declines, landing at 591. Gas rigs rose by 2 to 159. Miscellaneous rigs stayed the same.

The rig count in the Permian Basin rose by 2, while the rig count in the Eagle Ford stayed the same.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing unfinished wells—a more frugal use of finances than drilling new wells, fell by 4 for the week ending April 14, to 283. This is 7 fewer rigs than a month ago, and 14 more than a year ago.

Crude oil production in the United States stayed the same  for the week ending April 14 at 12.3 million bpd, according to the latest weekly EIA estimates. U.S. production levels are up 400,000 bpd versus a year ago.

At 12:18 p.m. ET, the WTI benchmark was trading up $0.69 (+0.89%) on the day at $78.06, but down roughly $4 per barrel from this time last week.

The Brent benchmark was trading up $0.70 (+0.86%) at $81.80 per barrel on the day, but down more than $4 per barrel from last Friday.

WTI was trading at $77.76 minutes after the data release, up 0.50% on the day.

By Julianne Geiger for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Justin on April 21 2023 said:
    Could someone explain how the U.S is cranking out 12.4 mmbd when we are still 322 rigs short of 2019?

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