• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 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
  • 8 days Energy Armageddon
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 3 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 3 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 21 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Goldman Betting on Cryptocurrencies
  • 8 days Сryptocurrency predictions
  • 13 days Putin and Xi Bet on the Global South
Japan Believes An LNG Supply Squeeze Is Looming

Japan Believes An LNG Supply Squeeze Is Looming

Japan, the world’s largest LNG…

Research Team Reports Breakthrough In Metal Gas Batteries

Research Team Reports Breakthrough In Metal Gas Batteries

Researchers at City University of…

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. Rig Count Rises To 16-Month High

The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week.

The total rig count is now 500, up 256 from the same time last year—the highest rig count since April 2020, but still down sharply from the 790 active rigs prior to the pandemic.

The U.S. oil rig count rose by 10 this week to 397, while the number of gas rigs fell by 1. Miscellaneous rigs held at zero.

The EIA’s estimate for oil production in the United States for the week ending August 6 rose by 100,000 bpd to an average of 11.3 million barrels per day, which is nearly 2 million barrels per day short of the levels produced prior to the pandemic.

Canada’s overall rig count increased by 8. Active oil and gas rigs in Canada are now at 164, up 110 on the year. 

The rig count in the Permian Basin rose by 2 this week, while rigs in the Eagle Ford rose by 4.  The Permian’s total rig count is now 128 rigs above what it was this time last year, while the Eagle Ford’s rig count is 25 more than it was this time last year, at 36.

The Frac Spread Count provided by Primary Vision shows that fracking crews fell for the second week in a row, to 235 for week ending August 6, down 4 for the week. The frac spread count estimates the number of completion crews finishing off previously drilled wells. This frac count is still up by 100 so far this year.

At 11:03 p.m. EDT, WTI was trading at $68.94 barrel—down $0.15 on the day but up $0.60 per barrel on the week. The Brent benchmark was trading at $71.07 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




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