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Foreign news agency news on April 16, this week, US energy companies increased the number of active oil and natural gas drilling rigs for the fifth consecutive week, the first time since February, because the recent months of rising oil prices have prompted some drilling companies to return to oil wells
.
US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of April 16, the number of active oil and gas rigs in the United States increased by 7 to 439, as the leading indicator of future production.
, The highest level since April 2020
.
This means that the number of active rigs in the United States has increased by 80% since the 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 still 90, or 17%, lower than the same period last year
.
Baker Hughes said that this week the number of active oil rigs in the United States increased by 7 to 344, and the number of active natural gas rigs increased by 1 to 94, both of which are the highest levels since April 2020
.
US crude oil futures have risen about 6% so far this month, after a cumulative increase of 65% in the first five months, as oil demand rebounded from the impact of the new crown epidemic a year ago
.
With oil prices mostly rising since October 2020, some energy companies said they plan to slightly increase their spending in 2021 after cutting drilling and completion spending in the past two years
.
However, the increase in expenditure is still small, as most companies continue to focus on increasing cash flow, reducing debt, and increasing shareholder returns rather than increasing output
.
The U.
S.
Energy Information Administration (EIA) announced on Monday that oil production in the seven major shale oil producing regions in the United States is expected to increase for the third consecutive month.
It is expected to climb by about 13,000 barrels/day to 7.
61 million barrels/day
.
According to EIA, natural gas production in major shale basins in the United States is expected to decline by about 100 million cubic feet per day to 82.
8 billion cubic feet per day in May
.
The monthly record high of natural gas production was 86.
9 billion cubic feet per day set in December 2019
.
US financial services company Cowen & Co said that the 45 independent exploration and production (E&P) companies it tracks plan to increase spending by approximately 3% in 2021
.
Previously, capital expenditures in 2020 were reduced by approximately 49%, and capital expenditures in 2019 were reduced by 12%
.
.
US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of April 16, the number of active oil and gas rigs in the United States increased by 7 to 439, as the leading indicator of future production.
, The highest level since April 2020
.
This means that the number of active rigs in the United States has increased by 80% since the 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 still 90, or 17%, lower than the same period last year
.
Baker Hughes said that this week the number of active oil rigs in the United States increased by 7 to 344, and the number of active natural gas rigs increased by 1 to 94, both of which are the highest levels since April 2020
.
US crude oil futures have risen about 6% so far this month, after a cumulative increase of 65% in the first five months, as oil demand rebounded from the impact of the new crown epidemic a year ago
.
With oil prices mostly rising since October 2020, some energy companies said they plan to slightly increase their spending in 2021 after cutting drilling and completion spending in the past two years
.
However, the increase in expenditure is still small, as most companies continue to focus on increasing cash flow, reducing debt, and increasing shareholder returns rather than increasing output
.
The U.
S.
Energy Information Administration (EIA) announced on Monday that oil production in the seven major shale oil producing regions in the United States is expected to increase for the third consecutive month.
It is expected to climb by about 13,000 barrels/day to 7.
61 million barrels/day
.
According to EIA, natural gas production in major shale basins in the United States is expected to decline by about 100 million cubic feet per day to 82.
8 billion cubic feet per day in May
.
The monthly record high of natural gas production was 86.
9 billion cubic feet per day set in December 2019
.
US financial services company Cowen & Co said that the 45 independent exploration and production (E&P) companies it tracks plan to increase spending by approximately 3% in 2021
.
Previously, capital expenditures in 2020 were reduced by approximately 49%, and capital expenditures in 2019 were reduced by 12%
.
