The US active rig count rose to 595 this week, with both oil and gas rig counts climbing, according to Baker Hughes data. Weekly crude output slipped slightly even as the Permian Basin gained a rig and Primary Vision's Frac Spread Count broke a four-week losing streak.
The number of active oil and gas drilling rigs in the United States rose to 595 this week, 53 more than the same period last year, according to data Baker Hughes published on Friday.
Oil and gas rigs both add crews
Active oil rigs rose by 2 to reach 452, 34 above this same time last year. Gas rigs also climbed by 2 to 134, which is 16 more than a year ago, while miscellaneous rigs held steady at 9.
In the Permian Basin, active rigs rose by 1 to 269, 15 above year-ago levels. The Eagle Ford held at 51 rigs, nine more than the same period last year.
Crude output slips as frac crews return
US crude oil production averaged 13.944 million bpd for the week ending September 11, down slightly from 13.947 million bpd the prior week but up 462,000 bpd from a year earlier, according to EIA data. Meanwhile, Primary Vision's Frac Spread Count broke a four-week losing streak, gaining 6 crews to reach 184 and recovering from its lowest point since May.
Oil prices fell on Friday ahead of the rig data release. Brent crude traded at $103.60 a barrel, down 1.16% and roughly $1.30 below the prior week's level.
WTI also traded lower on the day, slipping to $100.67, down 1.22%.
Source: Oilprice.com
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