• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 11 hours americavchina.com
  • 3 mins Greta named Time Magazine "Person of the Year"
  • 2 hours DUMB IT DOWN-IMPEACHMENT
  • 2 hours Emissions Soar as Flaring Frenzy Breaks New Records
  • 14 hours Tories on course to win majority
  • 15 hours Winter Storms Hitting Continental US
  • 7 hours Aramco Raises $25.6B in World's Biggest IPO
  • 18 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 hour POTUS Trump signs the HK Bill
  • 14 hours WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
Alt Text

Scientific Breakthrough Could Upend Lithium Market

New scientific research has made…

Alt Text

Shale Jobs Disappear As Production Growth Slows

Forecasts for U.S. shale production…

Alt Text

An Oil Market On Edge

Oil prices were up to…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

U.S. Oil Rig Count Increases For 6th Time In 7 Weeks

The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to the count and one more gas rig, bringing the total operational rigs in the U.S. to 447.

Released at 1:00pm EST Friday, the new Baker Hughes weekly rig count shows 357 oil rigs currently active in the U.S., along with 89 gas rigs active.

The biggest gains were made in New Mexico, with 4 new rigs, and Louisiana, with 3 new rigs.

Last week, the rig count was up 9 rigs in total, with 10 new oil rigs on the scene, with the biggest gains in Texas’ Permian basin, which saw 4 new active oil rigs last week, following by Williston with two new rigs last week.

Rigs engaged in exploration and production in the US rose for the third straight week, data showed on Friday.

According to oilfield services company Baker Hughes, the number of oil and gas rigs drilling rose by 7 to 447 in the week ended July 15.

In the previous period, the gauge rose by 9 to 440.

Image Courtesy: Zerohedge.com

(Click to enlarge)

The current nationwide rig count is less than half the prior-year level of 863. The count had peaked at 4,530 in 1981, while an all-time low was recorded in March. Since then the rig count has recovered marginally.

By Charles Kennedy of 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
Download on the App Store Get it on Google Play