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U.S. Oil Rig Count Rises for Third Consecutive Week
Yahoo Finance· 2025-09-19 17:18
Group 1 - The total number of active drilling rigs in the United States increased to 542, which is a decrease of 46 rigs compared to the same time last year, indicating a continued low level near four-year lows [1] - The number of oil rigs rose by 2 for the third consecutive week, reaching 418, which is a decline of 70 rigs year over year, while the gas rig count remained stable at 118, reflecting a gain of 22 active gas rigs from the previous year [2] - The Permian Basin experienced a slowdown in drilling but maintained a count of 254 rigs, which is 53 rigs lower than the previous year, while the Eagle Ford count remained at 42, down by 6 from last year [4] Group 2 - Weekly U.S. crude oil production fell slightly from 13.495 million barrels per day (bpd) to 13.482 million bpd, marking an average weekly production that is 81,000 bpd lower than at the beginning of the year [3] - The Frac Spread Count, which estimates the number of crews completing wells, rose to 169, just 7 above the four-year low [3] - As of the latest trading data, WTI benchmark crude was down $0.71 per barrel at $62.86, while Brent benchmark crude was down $0.78 at $66.66, with both figures showing slight increases compared to the previous week [5]