Increase in active oil and gas rig count in the US
- 1According to data released by Baker Hughes, the total number of active rigs in the US rose to 603.
- 2As of the recent reporting period, the number of active oil rigs in the US increased to 462.
- 3The US Energy Information Administration reported that US crude oil production for the week ending October 2 increased to an average of 13,979,000 barrels per day.
So what's the key point?
The number of machines used for drilling oil in the US has increased to 603. This means the amount of oil being extracted has also increased.
Source Oilprice.com · View original ↗
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