[ad_1]
The overall variety of lively drilling rigs in america fell by 3 this week, in keeping with new information from Baker Hughes printed Friday.
The overall rig rely decreased to 768 this week – 224 extra rigs than this time’s rig rely in 2021.
Oil spills in america fell 2 this week to 610. The fuel leak dropped from 1 to 156. Selection remained the identical on Rig 2.
The rig rely within the Permian Basin held regular once more this week at 346. The rig at Eagle Ford fell from 1 to 70. Granite Wash and Williston additionally noticed a rig deficit, whereas Cana Woodford noticed a 2-rig benefit. Arcoma Woodford noticed a single rig achieve.
Major Imaginative and prescient’s frac unfold rely, an estimate of the variety of staff finishing unfinished wells – a extra frugal use of finance than drilling new wells – rose for the seventh consecutive week, from 295 for the week ending October 21 . final week. That is in comparison with 288 a month in the past and 265 a yr in the past.
Crude oil manufacturing in america remained unchanged within the week to October 21, at 1.2 million bpd, in keeping with the most recent weekly EIA estimates. US manufacturing ranges are up simply 300,000 bpd thus far this yr and 700,000 bpd from a yr in the past.
At 11:30 a.m., the WTI benchmark was buying and selling down $1.51 a barrel (-1.70%) at $87.57 a barrel – about $3 a barrel from this time final week.
The Brent benchmark was buying and selling down $1.62 on the day at $98.34 a barrel (-1.67%), however was up about $6.50 a barrel from final Friday.
WTI was buying and selling at 87.68 minutes after the information was launched.
By Julian Geiger for Oilprice.com
Learn extra from Oilprice.com:
Again to homepage
[ad_2]
Supply hyperlink