The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern
, according to new data that Baker Hughes published on Friday. The total rig count rose by 4 to 585 this week, compared to 680 rigs this same time last year. The number of oil rigs remained unchanged this week, after falling by 6 in the week prior. Oil rigs now stand at 479, down by 61 compared to this time last year. The number of gas rigs rose by 4 this week to 101, a loss of 34 active gas rigs from this time last year. Miscellaneous stayed the same at 5.
For the last week of June, the EIA estimated draws in fuel inventories. Gasoline inventories shed 2.2 million barrels in the week to June 28, which compared with a build of 2.7 million barrels for the previous week. Primary Vision's Frac Spread Count, an estimate of the number of crews completing wells that are unfinished, fell in the week ending June 28, from 246 to 237. Drilling activity in the Permian remained unchanged with the number of active rigs clocking in at 305.
US Oil Rig Count Gas Drilling Upstream
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