The number of active oil and gas drilling rigs in the United States has risen to 599, which is 50 rigs more than last year. This new information indicates a boom in the drilling market in the United States.
Increase in Oil and Gas Rigs
According to new data, the number of active oil drilling rigs has reached 455 in recent times, which is 31 rigs more than the same time last year. Additionally, the number of gas drilling rigs has also increased by one rig to 135, which is 18 rigs more than last year. Miscellaneous rigs have remained unchanged at 9.
Decrease in Crude Oil Production and Increase in Activities
Recent data from the U.S. Energy Information Administration (EIA) shows that U.S. crude oil production averaged 13.939 million barrels per day in the week ending September 18, which is a decrease from the previous week’s 13.944 million barrels per day. However, production has increased by 438,000 barrels per day compared to last year.
Furthermore, the number of active crews working on completing wells has increased by 3 to 187 in the week ending September 18. In the Permian Basin, the number of drilling rigs has also increased in the recent report, reaching 270, which is 17 rigs more than last year. Conversely, the number of drilling rigs in the Eagle Ford Basin has decreased by one rig to 50, which is 5 rigs more than last year.
Given the increase in demand and improvement in economic conditions, drilling activities in the United States are expected to continue. This increase in activities could have significant impacts on oil and gas prices as well as on the global supply and demand for these resources.
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