Total U.S. rig count remained at 551, with oil rigs down three and gas rigs up three.
U.S. crude production rose to 13.713 million bpd, nearing an all-time high.
Permian rig activity declined again while frac spread counts signaled softer completion momentum.
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, keeping the total rig count in the US at 551 this week, down 37 from this same time last year.
The number of active oil rigs fell by 3 5o 409 during the latest reporting period, according to the data. This is 72 below this same time last year. The number of gas rigs rose by 3, reaching 133, which is 32 more than this time last year. The miscellaneous rig count stayed the same at 9.
The latest EIA data showed that weekly U.S. crude oil production rose this week, by 498,000 bpd in the week ending February 6, to 13.713 million bpd on average, 149,000 bpd under the all-time high.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, fell again during the week ending February 6, sinking by 3 after losing 15 crews in the week prior.
The number of active drilling rigs in the Permian Basin fell again this week, falling by 3 to 238, which is 66 rigs under year-ago levels. The count in the Eagle Ford held steady at 40, which is 8 fewer than this same time last year.
Oil prices were trading higher on the day prior to the data release. Brent futures are trading at $67.87 per barrel (+0.52%). WTI was trading up $0.18 per barrel on the day at $63.02, down week over week.
By Julianne Geiger for Oilprice.com
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