The number of oil rigs increased this week by 5, up from 597 last week to 602 this week. The number of active oil and gas rigs in the United States increased again, although modestly, on Friday by 3. Oil and gas rigs increased in the Permian, Eagle Ford, Cana Woodford, and Haynesville basins, and decreased in the Granite Wash and Williston basins. The number of active oil rigs in the United States is now the highest since October 09, 2015. Oil rigs have increased by 125 since the OPEC agreement was announced on November 30, as US drillers are continuing to gain as OPEC continues to hold its members largely to specified production caps.
As it stated in
With the latest weekly increase, the number of oil rigs is now over 50% higher than year ago levels and just over 90% above the 2016 lows. The number of oil rigs increased to 602 from 597 and has increased for the last six weeks while the number of gas rigs declined slightly to 151 from 153. The latest Baker Hughes North American rig count recorded an increase in total US rigs to 754 in the week ending February 24th from 751 the previous week. Rigs in the Permian basin increased to 306 in the latest week from 303 previously which is an annual increase of over 85%. There was no major impact on crude with WTI oil prices ticking slightly lower to test support at the $54.00 area.
read more visit us oil markets
collected by :Jack Luxor
As it stated in
With the latest weekly increase, the number of oil rigs is now over 50% higher than year ago levels and just over 90% above the 2016 lows. The number of oil rigs increased to 602 from 597 and has increased for the last six weeks while the number of gas rigs declined slightly to 151 from 153. The latest Baker Hughes North American rig count recorded an increase in total US rigs to 754 in the week ending February 24th from 751 the previous week. Rigs in the Permian basin increased to 306 in the latest week from 303 previously which is an annual increase of over 85%. There was no major impact on crude with WTI oil prices ticking slightly lower to test support at the $54.00 area.
read more visit us oil markets
collected by :Jack Luxor
Comments
Post a Comment