• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 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
  • 8 days Energy Armageddon
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 3 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 3 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 18 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Goldman Betting on Cryptocurrencies
  • 8 days Сryptocurrency predictions
  • 13 days Putin and Xi Bet on the Global South
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

The U.S. Oil Rig Count Slips Once Again

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 3 to 180, after rising last week for the first time since January.

The total number of active oil and gas rigs held steady for the week, with oil rigs falling by 3 and gas rigs increasing by 3.

Total oil and gas rigs in the United States are now down by 650 compared to this time last year.

The EIA’s estimate for oil production in the United States stayed the same for the week ending August 21—the last week for which there is data, at 10.8 million barrels of oil per day. Oil production in the United States is now 2.3 million bpd less than its all-time high reached earlier this year.

Canada’s overall rig count fell by two this week, after increasing by 2 last week. Oil and gas rigs in Canada are now at 54 active rigs. Oil and gas rigs in Canada are now down 96 year on year. 

The Frac Spread Count in North America, provided by Primary Vision, rose last week, from 70 to 80. Related: How To Stop Wind Farms From Becoming ‘Bird Graveyards’

Oil prices were trading down on the day on Friday despite Hurricane Laura, which threatened oil installations in the Gulf of Mexico and therefore supply. The storm came and went, however, leaving oil country relatively unscathed, and refiners were already preparing to restart on Friday.

At 12:09 pm EDT, WTI was trading down 0.12% at $42.99—more than $1 up on the week. Brent was trading down 0.13% on the day, at $45.03, also up more than $1 per barrel from last Friday.

At 1:08 pm, WTI was trading at $43.01 per barrel, with Brent changing hands at $45.09 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