The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior.
The total rig count in the US fell by 1 to 554 rigs, according to Baker Hughes, down 34 from this same time last year.
The number of oil rigs fell by 1 to 438 after falling by 3 during the previous week—and down by 47 compared to this time last year. The number of gas rigs fell by 2 this week, to 111 for a gain of 13 active gas rigs from this time last year. The miscellaneous rig count rose by 2 to 5.
The latest EIA data showed that weekly U.S. crude oil production rose again this week, from 13.428 million bpd to 13.431 million bpd. The figure is 200,000 bpd down from the all-time high reached during the week of December 6, 2024.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, slumped again during the week of June 13, to 182, compared to 186 in the week prior. The count is now 33 below where it was on March 21.
Drilling activity in the basin fell by 2, to 271—a figure that is 37 fewer than this same time last year. The count in the Eagle Ford was unchanged at 41 active rigs. Rigs in the Eagle Ford are 9 below where they were this time last year.
At 9:24 a.m., ET, the WTI benchmark was trading up $0.22 per barrel (+0.29%) on the day at $75.36, up more than $3 per barrel from last Friday’s price. The Brent benchmark was trading down $2.21 (-2.80%) on the day at $76.64, although up roughly $3 per barrel from last Friday.
By Julianne Geiger for Oilprice.com
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