The total number of active drilling rigs for oil and gas in the United States fell by 4 this week, according to new data that Baker Hughes published earlier this week, bringing the total rig count in the US to 544 this week, down 40 from this same time last year.
The number of active oil rigs fell by 3 in the reporting period, according to the data. Oil rigs are now at 409, which is 71 below this same time last year. The number of gas rigs fell by 1 to 124, which is 24 more than this time last year. The miscellaneous rig count rose by 2.
The latest EIA data showed that weekly U.S. crude oil production fell by 16,000 bpd in the week ending January 2 to 13.811 million bpd on average, 42,000 bpd under the all-time high reached a month ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell again during the week ending December 30, sinking to 153. There are now 48 fewer active completion crews than there were at the beginning of this year.
The number of active drilling rigs in the Permian Basin fell by 3 to 244, which is 60 rigs under year-ago levels. The count in the Eagle Ford held steady at 40, which is 3 fewer than this same time last year.
By Julianne Geiger for Oilprice.com
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