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US Oil Drillers Add More Oil Rigs as Prices Climb
Yahoo Financeยท 2025-09-26 17:17
Core Insights - The total number of active drilling rigs in the United States increased to 549, although this is a decrease of 38 rigs compared to the same time last year [1] - US drillers added 6 oil rigs this week, bringing the total to 424, which is a decline of 60 rigs year over year [2] - The number of gas rigs decreased by 1 to 117, which is 18 rigs lower than the same time last year [2] - Weekly U.S. crude oil production rose slightly to 13.501 million barrels per day, but remains 61,000 barrels per day lower than at the beginning of the year [3] - The Permian Basin's rig count fell to 253, which is 53 rigs below year-ago levels [4] - The Eagle Ford rig count increased from 42 to 45, just 3 rigs fewer than the same time last year [4] - WTI benchmark crude oil traded at $65.88, up $0.90 (+1.39%) on the day, while Brent crude traded at $70.24, up $0.82 (+1.18%) [4]