The total number of active drilling rigs operating in the United States increased during the latest reporting period, according to data released by Baker Hughes on Friday. The combined count reached 595 rigs, representing a gain of 53 units compared to the corresponding week the prior year.
Within this total, the number of oil-focused rigs climbed by 2 to reach 452 units, outpacing year-ago levels by 34 rigs. Natural gas-dedicated rigs also expanded by 2 to total 134, reflecting a year-over-year increase of 16 rigs. Miscellaneous rigs remained unchanged at 9. The Permian Basin showed particular activity, with its rig count rising by 1 to 264, positioning it 15 units ahead of year-ago levels. The Eagle Ford region maintained its count at 51 rigs, though this represented a 9-unit increase from the prior year.
Data from the Energy Information Administration indicated that U.S. crude oil production experienced a slight contraction during the week ending September 11, averaging 13.944 million barrels per day, down marginally from 13.947 million bpd the previous week. However, production remained substantially elevated year-over-year, running approximately 462,000 bpd higher than the corresponding period last year.
The Primary Vision Frac Spread Count, which tracks completion crews operating in the field, rebounded from a four-week declining streak, adding 6 crews to reach 184 during the same reporting period. This marked recovery from levels not seen since May.
Commodity markets showed modest weakness on the trading day when the data became public. Brent crude oil declined 1.16 percent to $103.60 per barrel, dropping roughly $1.30 from levels a week prior. West Texas Intermediate similarly retreated, falling 1.22 percent to $100.67 per barrel.
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