finance
U.S. Oil and Gas Rig Count Rises to 558 This Week
Baker Hughes reported the total number of active drilling rigs in the United States reached 558 this week. Oil rigs increased by 10 while gas rigs declined by 3.
May 22, 1:14 PM·1m read1 source
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Baker Hughes published new data on Friday showing the total number of active drilling rigs for oil and gas in the United States rose to 558. The total is down 8 from the same week last year. Active oil rigs increased by 10 to 425, which is 30 below year-ago levels.
Gas rigs fell by 3 to 125, a total 17 above the count from this time last year. The miscellaneous rig count remained unchanged at 8.
U.S. 702 million barrels per day for the week ending May 15. This figure is 160,000 barrels per day below the all-time high. Primary Vision’s Frac Spread Count rose by 5 to 184 crews for the week ending May 15, the highest level since last June.
The number of active drilling rigs in the Permian Basin rose by 4 for the second consecutive week, reaching 250. This total is 29 rigs below year-ago levels. The count in the Eagle Ford rose by 2 to 44, which is 2 more than the same week last year.
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