• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The United States produced more crude oil than any nation, at any time.
  • 16 hours China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming
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 Slips Further As Oil Prices Rise

U.S. Drilling Activity Slips Further As Oil Prices Rise

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 1. U.S. drillers saw a total loss of rigs this year of 2.

The total rig count fell by 1 to 620 this week, compared to 751 rigs this same time last year.

The number of oil rigs rose by 2 this week after falling by 3 in the week prior. Oil rigs now stand at 508--down by 82 compared to this time last year. The number of gas rigs fell by 2 this week to 110, a loss of 48 active gas rigs from this time last year. Miscellaneous rigs fell by 1 to 2.

Meanwhile, U.S. crude oil production stayed the same again this week at an average of 13.1 million bpd in the week ending March 29, down 200,000 bpd from the all-time high of 13.3 million bpd.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells that are unfinished, fell in the week ending March 29. Completions fell by 5 to 260 for the week.

The Permian saw a 1-rig increase after rising by 1 in the week prior. The count in the Eagle Ford also rose by a single rig this week after seeing no change the week prior.

Oil prices were trading up on Friday morning. At 12:49 p.m. ET, the WTI benchmark was trading up $0.86 (+0.99%) on the day at $87.45, up more than $4 per barrel week over week. 

The Brent benchmark was trading up $1.09 (+1.20%) at $91.74, up nearly $5 per barrel from a week ago—the highest point since last October.

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