• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 1 hour Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 1 day Putin blocks Ukraine access to Black Sea after Joe blinks
  • 34 mins America's pandemic dead deserve accountability after Birx disclosure
  • 3 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 2 days U.S. Presidential Elections Status - Electoral Votes
  • 7 hours Fukushima
  • 1 day So. Who's for Universal Basic Income?
  • 2 days Biden about to face first real test. Russia building up military on Ukraine border.
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 Rigs Increase For Fifth Week In A Row

Baker Hughes reported on Wednesday that the number of oil and gas rigs in the United States rose by 2 to 348.

The oil and gas rig count has risen for five weeks in a row for a four-week gain of 38.

The oil rig count increased by 1 this week, while the gas rig count rose by 2. Miscellaneous rigs fell 1.

Total oil and gas rigs in the United States are now down by 457 compared to this time last year.

The EIA’s estimate for oil production in the United States fell during the week ending December 11 to 11.0 million barrels of oil per day, 2.1 million bpd off the all-time high reached earlier this year.

Canada’s overall rig count decreased this week, by 20. Oil and gas rigs in Canada are now at 82 active rigs, and down 17 year on year. 

The Permian basin saw a decrease in the number of rigs by 1 this week, bringing the total active rigs in the Permian to 173, or 232 below this time last year.

Check back later this week for the Frac Spread Count by Primary Vision.

WTI and Brent were both trading up on Wednesday after falling in the couple days prior over a new Covid-19 strain that has triggered multiple border crossing lockdowns around the world.  

At 11:37 a.m. EDT, WTI was trading up 2.51% on the day at $48.20 and down roughly $0.80 since last Friday. Brent was trading up 2.44% on the day, at $51.30, also down $.80 per barrel since last Friday.

At 1:05 p.m. ET, Brent had slipped, trading at $51.24, with WTI trading at $48.13.

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




Oilprice - The No. 1 Source for Oil & Energy News