• 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 56 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 13 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
  • 9 days "And this is perhaps the most dangerous kind of government there can be."
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

Rig Count Inches Lower In Dramatic Week For Oil

Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1­ to 792, with the total oil and gas rigs clocking in at 234 fewer than this time last year.

The number of oil rigs increased for the week, by 1 rig, according to Baker Hughes data, bringing the total to 683—a 150-rig loss year over year.

The total number of active gas rigs in the United States fell by 2 according to the report, to 107. This compares to 193 a year ago. 

The miscellaneous rig count stayed the same this week, for a total of 2 miscellaneous rigs.

Meanwhile, leading up to perhaps one of the worst weeks for oil prices every, oil production in the United States fell slightly to 13 million bpd, according to data provided by the Energy Information Administration.

The number of rigs in the most prolific basin, the Permian, rose by 3 this week to 418, compared to 464 rigs one year ago. The second largest basin, the Eagle Ford, held fast at 68 rigs, compared to 82 a year ago.  

The WTI benchmark at 12:28 pm was trading at $31.27 (-0.73%) per barrel—almost $11 per barrel below last week levels as OPEC and OPEC+ failed to reach a deal last Friday and both Saudi Arabia and Russia promising to pump at will, and Saudi Arabia lowering its OSP by as much as $8 per barrel for April.

The Brent benchmark was trading at $34.86 (-0.97%)—nearly $11 per barrel below last week’s levels.  

Canada’s overall rig count decreased by 28 rigs this week, to a total of 175 rigs. Oil and gas rigs in Canada are now up 14 year on year. 

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