The number of active oil and gas drilling rigs across the United States climbed during the latest reporting period, reaching a total of 591 rigs, reflecting year-over-year growth in drilling activity. Oil rig counts specifically increased by 1 to reach 450 rigs, representing a gain of 34 rigs compared to the corresponding period last year. Gas rigs rose by 2 to 132 units, showing an increase of 14 rigs year-over-year, while miscellaneous rigs remained unchanged at 9.
Domestic crude oil production showed gains as well, with weekly output reaching an average of 13.947 million barrels per day during the week ending September 4. This represented a sequential increase of 85,000 barrels per day from the previous week and a year-over-year increase of 452,000 barrels per day. Despite the production gains, Primary Vision’s Frac Spread Count, which tracks the number of crews completing wells, declined for the fourth consecutive week to 178 crews, marking its lowest level since May.
Regionally, the Permian Basin maintained steady rig activity at 268 rigs, though this still represented a 14-rig increase compared to year-ago levels. The Eagle Ford region showed growth with a rise of 1 rig to 51 total units, up 9 rigs from the prior year. Oil market prices declined on Friday ahead of the data release, with Brent crude trading at $105.07 per barrel, down 2.38% on the day but approximately $10 higher than the previous week. West Texas Intermediate crude fell to $99.60 per barrel, down 2.81% for the session.
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