The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 563, up 4 from this same time last year.
The number of active oil rigs rose by 2 to 431 during the latest reporting period, according to the data. This is 11 below this same time last year. The number of gas rigs fell by 1 to 124, which is 10 more than this time last year. The miscellaneous rig stayed the same at 8.
The latest EIA data showed that weekly U.S. crude oil production fell during week ending May 29. US crude oil production averaged 13.707 million bpd during the reporting period, down from 13.715 million bpd last week but up 299,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose during the week ending May 29 by 3 this week, reaching 192 crews.
The number of active drilling rigs in the Permian Basin rose by 2, reaching 257. This is 18 rigs under year-ago levels. The count in the Eagle Ford stayed the same at 44, which is 4 more than this same time last year, while the Cana Woodford saw a two-rig loss.
Oil prices were down on Friday with Brent now trading at $94.02 (-1.06%) per barrel. WTI was also trading down on the day at $91.47 (-1.69%).
By Julianne Geiger for Oilprice.com
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