• 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
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 24 hours How Far Have We Really Gotten With Alternative Energy
  • 19 mins By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 8 days Natron Energy Achieves First-Ever Commercial-Scale Production of Sodium-Ion Batteries in the U.S.
  • 8 days Bad news for e-cars keeps coming
  • 6 days The United States produced more crude oil than any nation, at any time.
  • 10 days RUSSIA - Turkey & India Stop Buying Russian Oil as USA Increases Crackdown on Sanctions
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. Oil, Gas Drilling Activity Dips

Oil Rig

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

The total rig count fell by 7 to 622 this week, compared to 746 rigs this same time last year.

The number of oil rigs fell by 2 this week after rising by 3 in the week prior. Oil rigs now stand at 504--down by 86 compared to this time last year. The number of gas rigs fell again this week by 4 to 115, a loss of 38 active gas rigs from this time last year. Miscellaneous rigs fell by 1 to a total of 3.

Meanwhile, U.S. crude oil production fell to an average of 13.2 million bpd in the week ending March 1, easing off 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, rose again in the week ending March 1. Completions rose by 2 to 272 for the week to the highest point yet this year.

The Permian saw a 2-rig decrease after increasing by 1 the week before. The count in the Eagle Ford stayed the same again this week after seeing no movement in the two weeks prior.

Oil prices were trading down on Friday morning. At 12:16 p.m. ET, the WTI benchmark was trading down $0.82 (-1.04%) on the day at $78.11, down roughly $2 per barrel week over week.  

The Brent benchmark was trading down $0.76 (-0.92%) at $82.20, down roughly $1.50 per barrel from a week ago.

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