U.S. Oil Rigs Rise by 3 to 454 as Permian Count Climbs to 263
Updated
Updated · OilPrice.com · Aug 7
U.S. Oil Rigs Rise by 3 to 454 as Permian Count Climbs to 263
3 articles · Updated · OilPrice.com · Aug 7
Summary
Baker Hughes data showed U.S. active oil rigs rose by 3 this week to 454, while the total U.S. oil-and-gas rig count held flat at 588.
Gas rigs fell by 3 to 124, offsetting the oil increase, while miscellaneous rigs were unchanged at 10; total rigs are still 49 above a year earlier.
The Permian Basin accounted for the gain, adding 3 rigs to 263, while the Eagle Ford stayed at 49.
EIA data showed U.S. crude output edged up to 13.804 million bpd in the week ended July 31, but Primary Vision's frac spread count fell by 4 to 194 crews.
Oil prices rose on Friday—Brent at $83.55 and WTI at $78.21—but Brent remained about $6 a barrel below last week's level.