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The Number Of Active Oil Drilling In The United States Increased By 5, And It Has Increased For Three Consecutive Weeks

- Apr 24, 2018 -

US oil service company Baker Hughes released data on April 20. As of the week of April 20, the number of active oil drilling in the United States increased by 5 to 820, which recorded growth for three consecutive weeks. New highs in March. In the same period last year, the number of active oil drilling in the United States was 688.


In addition, Baker Hughes said in the report that the number of active drilling of natural gas in the United States during the week remained at 192.


Simmons & Co analysts announced that it is expected that the total number of oil and gas drillings in 2018 will reach to 1,014, and will up to 1,129 in 2019. Last week, it was expected to be 1,013 and 1,129 respectively.


At the same time, the US Energy Information Administration (EIA) expects US crude oil production to rise to a record high of 10.7 million barrels per day in 2018, and will further increase to 11.3 million barrels per day in 2019 and 9.3 million barrels per day in 2017.


After the Baker Hughes drilling data was released, WTI crude oil and Brent crude oil did not change much.