Shale oil producers added a single drill rig this week after 14 consecutive weeks of declines, staving off at least for now a pandemic-level downturn in U.S. activity.
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 10-rig decrease last week, and a 6-rig decrease the week before that.
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week.
The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year.
There was a 1-rig bump in drilling activity in the Permian Basin, landing at 305 in the most prolific basin—a figure that is 10 fewer than this same time last year. The count in the Eagle Ford saw no change to the number of active drilling rigs, hovering at 48. Rigs in the Eagle Ford are 4 below where they were this time last year.