The number of active oil and gas drilling rigs in the United States has increased to 603, which represents an increase of 56 rigs compared to the same time last year. The number of active oil drilling rigs has reached 462, which is also 44 rigs more than last year.
Changes in Gas Drilling Rigs
Meanwhile, the number of active gas drilling rigs has decreased to 132, which is still 12 rigs more than last year. The number of Miscellaneous rigs has remained unchanged at 9 rigs.
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Crude Oil Production and Market Outlook
Recent data from the U.S. Energy Information Administration (EIA) shows that the country's crude oil production averaged 13.979 million barrels per day for the week ending October 2. This figure has increased from the previous week, which was 13.955 million barrels per day, and is also 350,000 barrels per day more than last year.
Furthermore, the number of drilling rigs in the Permian Basin has also increased to 274 rigs during this period, which is 24 rigs more than last year. In the Eagle Ford area, the number of rigs has remained steady at 49 rigs, which is also 5 rigs more than last year.
In the oil market, Brent crude oil prices reached $103.80 per barrel on Friday, reflecting a decrease of 0.42%, and this price has increased by $2.70 compared to last week. Additionally, WTI crude oil prices have decreased to $91.29 per barrel today.
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