• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 38 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 24 hours Reality catching up with EV forecasts
  • 2 days Famous author Michael Crichton talks about the "Climate Change Religion" aka Feudalism 2.0
  • 8 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
How To Balance Your Energy Portfolio For 2023

How To Balance Your Energy Portfolio For 2023

2023 is increasingly looking like…

Iran Expects $100 Oil When Chinese Demand Rebounds

Iran Expects $100 Oil When Chinese Demand Rebounds

Iran’s OPEC representative said that…

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 Ticks Higher As Gas Rig Count Slips

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

The total rig count rose to 763 this week—251 rigs higher than the rig count this time in 2021.

Oil rigs in the United States rose by 8 this week, to 599. Gas rigs slipped 4, to 162. Miscellaneous rigs stayed the same at 2.

The rig count in the Permian Basin increased by 3 to 343 this week. Rigs in the Eagle Ford rose by 1 to 72. Oil and gas rigs in the Permian are 84 above where they were this time last year. While up year over year, active drilling in the Permian has remained near the current level since mid-May, when the oil and gas rig count was 342.

ADVERTISEMENT

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—rose by 2 to 284 for the week ending September 9, compared to 285 a month ago and 244 a year ago.

Crude oil production in the United States remained at 12.1 million bpd for the third week in a row for the week ending September 9,, according to the latest weekly EIA estimates. U.S. production levels are up 400,000 bpd on the year, and up 2 million bpd versus a year ago.

ADVERTISEMENT

At 12:36 p.m. ET, the WTI benchmark was trading up $0.66 per barrel (0.78%) on the day at $85.76 per barrel, but still down roughly $0.40 per barrel on the week.

The Brent benchmark was trading up at $91.84 per barrel, up $1 (+1.10%) on the day, and perfectly flat compared to this time last Friday. 

WTI was trading at $85.13 minutes after the data release.

By Julianne Geiger for Oilprice.com

More Top Reads from Oilprice.com:


Download The Free Oilprice App Today

Back to homepage


ADVERTISEMENT


ADVERTISEMENT



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