All articles tagged with #oil rigs
Baker Hughes data show the US rig count at 588, with oil rigs up 3 to 454 and gas rigs down 3 to 124; Permian rigs rise to 263 and Eagle Ford stays at 49. US crude production rebounded to about 13.804 million bpd, while Brent trades around $83.55 and WTI around $78.21 per barrel amid ongoing price movement.
Jake Paul is set to fight Ryan Bourland on March 2 in Puerto Rico as part of his journey to earn a title shot in the cruiserweight ranks. Bourland, a former Golden Gloves champion, retired from boxing in 2018 to work on oil rigs in North Dakota due to financial struggles and lack of health insurance. He returned to boxing in 2022 and aims to end Paul's boxing career, potentially leading to the end of his own oil rig career.
The total number of active drilling rigs in the United States fell by 7 this week, with the number of active oil rigs plunging to their lowest level since January 2022. The total rig count is now 457 fewer than at the beginning of 2019. Crude oil production levels in the United States remained steady at 13.2 million bpd, the highest ever recorded.
The total number of active drilling rigs in the US fell by 11 this week, with the total rig count falling to 720, 8 rigs below this time last year, marking the first year-over-year loss since April 2021. The decline was entirely attributed to oil rigs, which fell by 11 to 575. The rig count in the Permian Basin fell by 4. Crude oil production levels in the US fell in the week ending May 12, from 12.3 million bpd to 12.2 million bpd. The WTI benchmark was trading down $0.28 (-0.39%) on the day at $71.58.