• 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
  • 11 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 9 hours America's pandemic dead deserve accountability after Birx disclosure
  • 2 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days Trump punches back at Fauci and Birx's revisionist history (aka lies)
  • 4 days The coming Cyber Attack
  • 23 hours U.S. and Chinese investors to buy Saudi pipelines , $10 Billion deal.
  • 1 day Create a new law "Postericide" to prosecute and imprison Climate Change "Deniers"
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
  • 3 days Goldman Betting on Cryptocurrencies
  • 15 hours NG spot prices hit triple digits for weekend delivery
  • 5 days New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 6 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days Forecasts for Natural Gas
Italian Oil Heiress Arrested In Major Mafia Bust

Italian Oil Heiress Arrested In Major Mafia Bust

Italian anti-mafia police and finance…

Russia Slashes 2021-2022 Oil Production Forecasts

Russia Slashes 2021-2022 Oil Production Forecasts

Russia is slashing its estimates…

OPEC+ Was Wise To Ease Output Cuts Despite Demand Concerns

OPEC+ Was Wise To Ease Output Cuts Despite Demand Concerns

OPEC+’s decision to ease output…

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




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