Slight change in US drilling exercise this week: Baker Hughes

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The overall variety of energetic drilling rigs in america elevated by 2 this week, in keeping with new information from Baker Hughes printed Friday.

The overall rig rely elevated to 771 this week – 229 rigs this time exceeding the rig rely in 2021.

Oil rigs in america rose 2 to 612 this week. The fuel remained the identical on the rig 157. The miscellaneous rig additionally remained the identical on the two.

The rig rely within the Permian Basin held regular at 346 this week. The rigs at Eagle Ford remained the identical at 71. DJ-Neobra noticed a rise of three rigs this week, as much as 20.

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 – in comparison with 287 a month earlier and 268 a yr within the week ending October 14 for elevated from 4 to 295. Earlier

Crude oil manufacturing in america rose barely within the week to October 14, to 1.2 million bpd, in keeping with the newest weekly EIA estimates. US manufacturing ranges are up simply 300,000 bpd to date this yr and 700,000 bpd from a yr in the past.

At 9:13 a.m. ET, the WTI benchmark was buying and selling at $84.76 a barrel, up $0.25 a barrel (+0.30%) earlier within the day — however down about $1.60 a barrel from this time final week.

The Brent benchmark was buying and selling at $92.72 a barrel, down from $0.34 (+0.97%) that day and fewer than $1 a barrel final Friday.

WTI was buying and selling at 85.14 minutes after the discharge of the info.

By Julian Geiger for Oilprice.com

Oilprice.com . by Irina Slava for

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