US Oil Rigs Increase by 3 to 454, Gas Rigs Fall

Key facts

• The number of active oil drilling rigs in the U.S. increased by 3.
• The total number of active oil drilling rigs is 454.
• The number of active gas drilling rigs decreased by 3.
• The total number of active gas drilling rigs is 124.
• The overall U.S. rig count remained stable at 588.
• The overall U.S. rig count is up 49 from the previous year.
• Crude oil production saw a slight rebound.

This week, the United States saw an increase of 3 active oil drilling rigs, bringing the total to 454. Concurrently, the number of active gas drilling rigs fell by 3, reaching 124. The total U.S. rig count remained stable at 588. This figure represents a significant increase of 49 rigs compared to the previous year. The changes in rig activity occurred alongside a slight rebound in crude oil production.