The overall variety of active drilling rigs in the United States fell by 2 today after climbing up by 10 throughout the last 4 weeks, according to brand-new information that Baker Hughes released Friday.
The overall rig count was up to 624 today. Because this time in 2015, Baker Hughes has actually approximated a loss of 160 active drilling rigs. Today’s count is 451 less rigs than the rig count at the start of 2019, before the pandemic.
The variety of oil well fell by 2 to 501. Oil well are now down by 119 compared to this time in 2015. The variety of gas rigs remained the exact same today at 119, a loss of 35 active gas rigs from this time in 2015. Various rigs fell by 1.
Main Vision’s Frac Spread Count, a quote of the variety of teams finishing incomplete, increased by 2 in the week to December 8 to 278. The frac spread count is 20 more than where it began the year.
Oil costs were trading up on Friday. At 9:34 a.m. ET on Friday, the WTI criteria was trading up $0.25 (+0.35%) on the day at $71.83. This is a boost of approximately $1 per barrel from this time recently. The Brent criteria was trading up $0.27 (+0.35%) at $76.88, likewise up about $1 per barrel from a week back.
By Julianne Geiger for Oilprice.com
