• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 17 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 2 days Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 1 day US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 2 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 1 hour NordStream2
  • 1 day Storage of gas cylinders
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 Rig Count Falls For The First Time In 2 Months

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 5 to 231, ending eight weeks of increases to oil rigs in the U.S.

The total number of active oil and gas rigs decreased for the week by 2, with oil rigs decreasing by 5 and gas rigs rising by 3.

Total oil and gas rigs in the United States are now down by 493 compared to this time last year.

The EIA’s estimate for oil production in the United States held fast in the week ending November 13—at 10.9 million barrels of oil per day in the most recent reporting period, with U.S. production still rangebound under 11.1 million barrels per day.

Canada’s overall rig count rose by 12 this week. Oil and gas rigs in Canada are now at 101 active rigs, and down 36 year on year. 

Check back here later today for an exclusive early update on Frac Spread Counts provided by Primary Vision.

Along with the BH rig count falling this week, the frack spread count from Primary Vision—which tracks completion crews—was also down for the week. The frack spread count now stands at 127—down 3 for the week, and down 208 since the start of the year. The count is still up, however, from the beginning of May, when the frack spread count hit just 45.

WTI and Brent were both trading up on Friday prior to the release of the rig count, with both set to finish out higher on the week despite new lockdowns in multiple locations throughout the world and despite Libya’s increased production, which has now reached 1.2 million bpd.

Related: The Battle For Dominance In China’s Oil Market

At 12:36 pm EDT, WTI was trading up 0.10% on the day at $41.78 and up roughly $1.50 per barrel week on week. Brent was trading up 0.57% on the day, at

$44.45, also up roughly $1.50 on the day.   

By 1:08 pm, WTI was trading at $41.83 per barrel, with Brent changing hands at $44.56 per barrel.

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