The total number of active drilling rigs in the United States held steady at 588 during the latest reporting period, according to data released by Baker Hughes on Friday. This represents a significant increase of 51 rigs compared to the same period one year earlier, indicating sustained growth in drilling activity across the sector.
Within the overall count, oil rigs showed gains while gas drilling declined. The number of active oil rigs increased by 2 to reach 449, positioning them 35 rigs above year-ago levels. Conversely, gas rigs fell by 2 to 130, though this still represents a net increase of 12 rigs year-over-year. Miscellaneous rigs remained unchanged at 9.
Crude oil production data from the Energy Information Administration showed continued output growth during the week ending August 28. U.S. crude oil production averaged 13.862 million barrels per day, up from 13.843 million barrels per day in the prior week and 423,000 barrels per day higher than one year ago. However, completion activity showed signs of softening, with Primary Vision’s Frac Spread Count declining by 4 crews to 180 during the same reporting period.
Regional rig activity reflected mixed trends. In the Permian Basin, drilling rigs increased by 1 to reach 268, with counts 14 rigs above year-ago levels. The Eagle Ford region held steady at 50 rigs, up 11 compared to the previous year. Oil prices declined on the day prior to the data release, with Brent crude trading at $95.27 per barrel and WTI at $90.60 per barrel.
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