• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 32 mins China's Blueprint For Global Power
  • 2 hours Bloomberg: shale slowing. Third wave of shale coming.
  • 44 mins ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 2 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 4 hours Brexit agreement
  • 1 min Disenfranchised people are angry people - map of global electoral systems
  • 13 hours Boring! See Ya Clowns, And Have Fun In Germany
  • 47 mins Erdogan Holds All The Cards ... 3.6 Million Of Them
  • 2 hours Spain Is On The Edge...Clashes Between Catalonia And "Madrid"
  • 16 hours the future
  • 13 hours 5 Tweets That Change The World?
  • 12 hours USA Carried Out Secret Cyber Strike On Iran In Wake Of Saudi Oil Attack
  • 13 hours Leftists crying to make oil patch illegal friendly: 'Broken system' starves U.S. oil boom of immigrant workers: CONGRESS DO YOUR JOBS INSTEAD OF PANDERING!
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

Oil Prices Slip Amid Falling U.S. Rig Count

The number of active oil and gas rigs in the United States rose this week by 1 rig. Baker Hughes Rig Count last week was largely unchanged as well, with data for 47 counties South Texas largely unavailable last week due to the Hurricane, according to BH.

The total oil and gas rig count in the United States, two weeks post-Harvey, now stands at 944 rigs, up 436 rigs from the year prior, with the number of oil rigs in the United States decreasing by 3 this week and the number of gas rigs increasing by 4.

Oil rigs in the United States now number 756—342 rigs above this time last year.

The number of rigs fell in Arkoma Woodford (1), DJ-Niobrara (1), Fayetteville (1), and Granite Wash (1). Permian, Haynesville, and Cana Woodford, and Marcellus all gained two rigs.

Prices fell on Friday despite promises of decreased exports from Saudi Arabia for the month of October, with promises of a 350,000 bpd decline for the month, with exports to the United States to be below 600,000 bpd.  At 10:53pm EDT Friday, WTI was trading down 1.63 percent at US$48.29, with Brent trading down 0.48 percent at US$54.23—both benchmarks up from last week.   

Despite the small rise in the number of active rigs in the United States, US crude oil production slipped the week ending September 1 to 8,781 bpd—the first under-9,000 bpd week since February. Related: How EIA Guestimates Keep Oil Prices Subdued

Hurricane Irma is currently headed for Florida, and expected to weaken demand further in the coming week, as ports have closed ahead of the storm. Hurricane Katia is following closely behind, and expected to hit the Mexican coast by early tomorrow.

At 8 minutes after the hour, WTI was trading at $48.06 with Brent crude trading at $54.10.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Ted Shread on September 08 2017 said:
    Looks like the cat is out of the bag on this fake shale coverup, OPEC has caught on.
  • Chris on September 11 2017 said:
    Let's get the units right. 8,871,000 bpd.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play