• 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
  • 12 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
  • 10 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 3 days Fukushima
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days Joe Biden's Presidency
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
U.S. Rig Count Increases As Oil Prices Hold Above $60

U.S. Rig Count Increases As Oil Prices Hold Above $60

Baker Hughes reported on Friday…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

U.S. Oil Bankruptcies Shoot Up In Q1 2021

The number of North American…

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 Rig Count Rises During Election Week

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 226.

The total number of active oil and gas rigs increased for the week by 4, with oil rigs rising by 5 and gas rigs falling by 1.

Total oil and gas rigs in the United States are now down by 517 compared to this time last year.

The EIA’s estimate for oil production in the United States fell in the week ending October 30—from 11.1 million barrels in the week prior to 10.5 million barrels of oil per day in the most recent reporting period. U.S. oil production has been bouncing around between just under 10 million bpd and just below 11.2 million bpd for months now as the pandemic continues to sap demand for crude oil, with no indication that production will break through either of those limits.

Canada’s overall rig count held steady this week. Oil and gas rigs in Canada are now at 86 active rigs, and down 54 year on year. 

The Frac Spread Count provided by Primary Vision showed a decrease this week, as completion crews finishing off drilled but uncompleted wells- or DUCs - fell back to 115 after rallying in three of the four weeks prior

WTI was trading down on Friday, as was the Brent benchmark, with both set to finish out the week lower than last week as Europe implements new lockdowns amid a surge in the number of new coronavirus cases.

At 11:14 pm EDT, WTI was trading down 3.07% at $37.60—up more than $2 per barrel week on week. Brent was trading down 2.66% on the day, at $39.84, also up roughly $2.50 on the week.   

By 1:07 pm, WTI was trading at $37.36 per barrel, with Brent changing hands at $39.67 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