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flag US drilling rigs remain at 589, with fewer rigs but projected increases in oil production.

flag The number of active drilling rigs in the U.S. stayed at 589 this week, as reported by Baker Hughes. flag This count is down 34 from last year, with 482 oil rigs and 103 gas rigs. flag Despite fewer rigs, U.S. crude oil production is projected to increase to 13.5 million barrels per day by 2025, while gas output is expected to decrease in 2024. flag The Permian Basin remains a key area for oil production growth.

4 months ago
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