US Oil Drillers See Pullback as Oil Prices Rise
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4 Articles
US Oil Drillers See Pullback as Oil Prices Rise
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US falling to 588, up 50 from this same time last year. The number of active oil rigs fell by 3, sinking to 452 during the latest reporting period, according to the data. This is 41 above this same time last year. The number of gas rigs fell by 1 to 127, which i…
According to Baker Hughes data, the number of oil drilling rigs in the United States fell by 3 this week to 452. There has been a 41 increase in the last year. Brent crude closed at $94.39 and West Texas-type crude closed at $86.64.
U.S. rig count decreased by 5, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 5 last week, resulting in a total count of 588 rigs. Canada decreased by 2 over last week, resulting in a total Canadian count of 216 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford and the Permian experienced an increase this week. Meanwhile, 2 regions experienced a decrease this week: The Granite Wash is down 1, at 19. The Haynesville is dow…
US Oil Rig Count Dips To 452, Below Market Expectations
BitcoinWorld US Oil Rig Count Dips to 452, Below Market Expectations The Baker Hughes US oil rig count registered at 452 for the week ending March 14, 2025, falling short of market expectations of 456. This marks a decrease of four rigs from the previous week’s count, signaling a cautious approach among drillers amid fluctuating crude prices and broader economic uncertainty. What the Latest Rig Count Data Shows The weekly rig count, a key indic…
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