Number of active drilling rigs in U.S. grows by 1 this week
Xinhua,June 02, 2018 Adjust font size:
HOUSTON, June 1 (Xinhua) -- The number of active drilling rigs in the United States increased by just 1 this week to 1,060, or up 144 from this time last year, according to weekly data collected by Baker Hughes released Friday.
The Houston-based oilfield services company Baker Hughes reported that there are now 861 rigs drilling for oil in the United States with more than half of them - 477 - situated in the western Texas Permian Basin. There are 197 gas-seeking rigs and two miscellaneous rigs, creating a total rig count of 1,060, the highest count since March 2015.
Oil prices settled lower on Friday as rising crude output in the United States weighed on the market.
The West Texas Intermediate (WTI) for July delivery fell 1.23 U.S. dollars to settle at 65.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery lost 0.77 dollar to close at 76.79 dollars a barrel on the London ICE Futures Exchange. Enditem