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    Home > Chemicals Industry > Petrochemical News > Baker Hughes: The number of active oil and gas drilling rigs increased to the highest level since April 2020

    Baker Hughes: The number of active oil and gas drilling rigs increased to the highest level since April 2020

    • Last Update: 2021-07-22
    • Source: Internet
    • Author: User
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    Foreign news agency news on April 9 that this week, US energy companies added natural gas rigs for the third consecutive week, but the number of active oil rigs remained flat
    .



    Analysts said that the number of active oil and natural gas rigs needs to be increased in order for US crude oil output to stabilize
    .



    US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of April 9, the number of active oil and gas rigs in the United States increased by two to 432, as the leading indicator of future production.
    , The highest level since April 2020
    .



    This means that the number of active drilling rigs in the United States has increased by 77% from a record low
    .



    According to data from Baker Hughes from 1940, the number of active rigs fell to a record low of 244 in August 2020, as the new crown pneumonia epidemic suppressed fuel demand and oil prices
    .


    However, the total number of rigs is 170, which is still 28% lower than the same period last year


    Baker Hughes said that the number of active oil drilling rigs in the United States was flat at 337 this week, the highest level since April 2020; the number of active natural gas drilling rigs increased by 2 to 93, the highest level since early April 2020
    .



    More than half of the active oil well drilling rigs in the United States are located in the Permian Basin, with 244 this week, the highest since late April 2020
    .



    An analyst from the investment bank Goldman Sachs said in a report that by the fourth quarter of this year, the number of active drilling rigs in the United States is expected to average 480-500, most of which will come from the Permian Basin (35-45), Texas.
    Eagle Ford (5-10 seats) and Bakken (3-5 seats) in North Dakota
    .



      "We expect that the United States needs at least 500 active rigs to keep crude oil output roughly flat
    .


    "

      U.
    S.
    crude oil futures rose nearly 22% in the first quarter, mainly due to the optimism of a rebound in demand, after the new crown vaccine began to be vaccinated at the beginning of the year
    .



      The price of WTI crude oil in the United States fell this week due to market concerns about increased supply and weak demand under the epidemic.
    In the past five months, four months have recorded increases
    .


      

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