• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 16 hours Wind droughts
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 days Oil Prices Fall After Fed Raises Rates
  • 12 days How Far Have We Really Gotten With Alternative Energy
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 2 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
  • 7 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 10 days The Federal Reserve and Money...Aspects which are not widely known
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

U.S. Drilling Activity Sees Decline For Second Straight Week

The number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. It is the second decline in as many weeks.

The total rig count fell to 763 this week—262 rigs higher than the rig count this time in 2021.

Oil rigs in the United States rose by 3 this week to 601. Gas rigs fell by 1, to 160. Miscellaneous rigs dropped 3.

The rig count in the Permian Basin fell by 1 to 346 this week. Rigs in the Eagle Ford stayed the same at 72. Oil and gas rigs in the Permian are 100 above where they were this time last year.

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—slipped back to 289 for week ending August 5, compared to 235 a year ago.

Crude oil production in the United States rose 100,000 bpd to an average 12.2 million bpd in the week ending August 5, according to the latest EIA estimates.

At 10:45 a.m. ET, oil prices were trending down on the day as recession fears continue to pervade the market. WTI was trading at $91.87 on the day—down $2.47 per barrel (-2.62%) on the day, but up roughly $2 per barrel on the week. The Brent benchmark traded at $97.55 per barrel, down $2.05 (-2.06%) on the day, but up about $2 per barrel on the week.

At 1:05 pm ET, WTI was trading at $92.28 while Brent was trading at $98.10 per barrel—both down on the day.

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