HOUSTON, Aug. 25 -- The number of active drilling rigs in the United States declined by 13 to 1,044 in the week ending Aug. 24, but still 104 more than this time last year, showed weekly data collected by Baker Hughes released on Friday.
Meanwhile, the price of the West Texas Intermediate (WTI) for October delivery and Brent for October delivery increased by 5.4 percent and 5.6 percent, respectively, during the week.
The Houston-based oilfield services company reported that the number of active oil rigs in the country declined by nine to 860 in the week with more than half of oil rigs, or 485, were located in the Permian Basin region of western Texas and southeastern New Mexico. The number of gas rigs in the country also declined by four to 182.
Analysts attributed the stagnant rig counts in the recent months to the pipeline bottlenecks. They saw those pipeline bottlenecks as a big threat against production growth in the Permian Basin.
Most of the oil production growth of the United States comes from the Permian Basin and that supply needs to be transported somehow to the Gulf refineries or to the ports in order to be exported.
In the same week, Canada's total rig count increased by 17 to 229, or up by 12 year on year. Its oil rig count increased by 12 and its gas rig count increased by five, respectively. Oil rigs were up by 38 year on year in Canada, while the number of gas rigs was down by 26 despite the five gas rigs added.
【国际英语资讯:U.S. active drilling rigs reduce sharply while oil prices rebound after 7-week loss】相关文章:
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