Off the wire
• Tang Dynasty tomb group found in north China  • Over 95 pct of world's population breathes polluted air: study  • JSE closes firmer, buoyed by financials and good news on inflation  • Angola's SONANGOL invites bids for two offshore oil blocks  • DrivingElectric campaign launched at energy show in Dublin  • Tang Dynasty tomb group found in north China  • Over 95 pct of world's population breathes polluted air: study  • JSE closes firmer, buoyed by financials and good news on inflation  • Angola's SONANGOL invites bids for two offshore oil blocks  • DrivingElectric campaign launched at energy show in Dublin  
You are here: 　

U.S. rig count rises 5 this week

Xinhua,April 21, 2018 Adjust font size:

HOUSTON, April 20 (Xinhua) -- The active number of drilling rigs in the United States rises thanks to increasing activity in West Texas' Permian Basin, according to weekly data collected by Baker Hughes released Friday.

Houston oilfield services company Baker Hughes reported that the overall rig count increased by five, up to 1,013 in total. The Permian alone grew by eight rigs. Small declines in Colorado, North Dakota and Oklahoma partially offset the gains.

According to the company, oil drilling currently accounts for 820 rigs of the total. The rest are seeking natural gas.

West Texas' Permian Basin now accounts for 453 rigs, which is 55 percent of all the nation's oil rigs. The next most active area is South Texas' Eagle Ford shale with 76 rigs.

Despite this week's rise, the oil rig count is down 49 percent from its peak of 1,609 in October 2014, before oil prices began plummeting. Enditem

 

Related News & Photos