US Oil Rigs Rise, Production Nears Record
Update: 2025-12-12
Description
U.S. oil and gas drilling rigs see a slight dip, with 548 active rigs, a 41-rig decrease from last year. Oil rigs rise by one, now at 414, while gas rigs fall by two, at 127. Crude oil production increases by 38,000 barrels per day, nearing the all-time record. Primary Visions Frac Spread Count remains unchanged at 173, indicating a slowdown in well completion activities. WTI and Brent crude oil benchmarks trade down, with WTI at $57.46 and Brent at $61.08, both experiencing nearly three-dollar weekly losses.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
