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Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week. The total number of active oil and gas rigs in the U.S. hangs at 397—or 394 fewer than this time last year. This week marks the end of a twelve-week streak of increases to the number of oil and gas rigs that saw 87 more drilling rigs put into service. The oil rig count slipped by 1 this week, and the number of gas rigs increased by 1. The number of miscellaneous rigs remained unchanged. The EIA’s estimate for oil production in the United States for the week ending February 12 fell by 200,000 bpd to 10.8 million barrels . It is the largest weekly decrease in oil production in the U.S. since October. Canada’s overall rig count decreased this week by 4. Oil and gas rigs in Canada are now at 172 active rigs and down 72 year on year. The Permian basin saw another increase this week in the number of rigs, by 1 bringing the total active rigs in the Permian to 204, or 205 below this time last year. Check back here later […]
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