finance
U.S. Rig Count Rises Modestly to 551 but Remains Below Year-Ago Levels
Baker Hughes reported the total U.S. active drilling rig count reached 551 on Friday, with oil rigs rising to 415. U.S. crude production averaged 13.710 million barrels per day for the week ending May 8, while Brent and WTI prices rose sharply amid global supply concerns. Primary Vision’s Frac Spread Count hit its highest level since November.
May 15, 1:10 PM·1m read1 source
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The total number of active drilling rigs in the United States rose this week to 551, according to data that Baker Hughes published on Friday, May 15, 2026. com reported that the figure stands 25 below the level from the same time last year. The number of active oil rigs increased by 5 to 415 during the latest reporting period.
Com reported. Gas rigs nevertheless stand 20 above year-ago levels. The miscellaneous rig count dropped by 1 to 8.
U.S. count. com.
In the Eagle Ford, the rig count fell by 1 to 42. That reading is 4 fewer than at the same time last year. S. 710 million barrels per day during the week ending May 8, 2026, the EIA reported.
Output stood 152,000 barrels per day under the all-time high. Primary Vision’s Frac Spread Count rose by 5 to 179 crews during the same week. The 179-crew total marks the highest level since November.
Oil prices advanced sharply on Friday morning as the Strait of Hormuz remained closed. 23 percent. The price gains extended weekly advances of $9 for Brent and $10 for WTI.
Those moves coincided with the modest expansion in drilling activity and completion crews even as overall rig counts remain below year-ago levels in most categories.
