Oil Rig Count
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US Oil Rig Count Stalls While Output Breaks New Record
Yahoo Finance· 2025-10-17 17:08
Core Insights - The total number of active drilling rigs in the United States increased to 548, although this is a decrease of 37 rigs compared to the same time last year [1] - The number of active oil rigs remained unchanged at 418, reflecting a year-over-year decline of 64 rigs, while gas rigs increased by 1 to 121, which is 22 more than last year [2] - Despite a slowdown in drilling activity, U.S. crude oil production rose to 13.636 million barrels per day (bpd), marking the highest average weekly production ever [3] - The active drilling rig count in the Permian Basin rose by 1 to 251, which is still 53 rigs below last year's levels [4] Industry Performance - The WTI benchmark price fell by $0.05 per barrel (-0.09%) to $57.41, which is $1.50 lower than the previous week [4] - The Brent benchmark price remained stable at $61.06 on the same day [4]