The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of the two weeks prior.
The total rig count in the US fell by 3 to 584 rigs, according to Baker Hughes, down 21 from this same time last year.
The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year.
The number of gas rigs rose by 2 this week, to 101 for a loss of 1 active gas rigs from this time last year. Miscellaneous rigs lost a rig and now stands at 4.
The latest EIA data showed that weekly U.S. crude oil production rose, from 13.460 million bpd to 13.465 million bpd. < Keep in mind that EIA's weekly estimates are just a WAG. The most recent real production volumes are in EIA's 914 report for February that showed U.S. oil production was 13.159 million bpd, down from 14.438 million bpd in December 2024. Late in 2024 I saw some forecasts that showed U.S. oil production might increase to 15 million bpd in 2025. That is not going to happen with the active rig count this low.
The figure is 166,000 bpd down from the all-time high reached during the week of December 6, 2024.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose during the week of April 25 to 205, compared to 200 in the week prior—and up 4 since the start of the year.
Active Rig Count for week ending May 2
Active Rig Count for week ending May 2
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group