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The number of US drilling rigs remained constant

Energy services company Baker Hughes announced that the number of oil and natural gas rigs of American drilling companies did not change this week.

According to Webangah News quoted by Mehr News Agency, citing Reuters, Baker Hughes announced in a report the number of active oil and natural gas rigs of American energy companies In the week ending November 1 (Friday, 11 Aban) remained stable for the second week in a row.

According to the company’s report on Friday, the number of oil and gas rigs, which is an early sign of future production, was unchanged at 585 units in the week ending November 1. .

According to Baker Hughes, the total number of rigs is still 33 units or 5% less than the same period. It is last year AD.

The number of American oil rigs decreased by one to 479 in the mentioned week. The number of gas rigs in this country reached 102 with an increase of one number.

The number of US oil and gas rigs will decrease by about 20% in 2023 after increasing 67% in 2021 and 33% in 2022. The decrease in oil and gas prices, the increase in the cost of labor and equipment due to the increase in inflation and the companies’ focus on paying off debt and increasing the return of shareholders’ capital instead of increasing production are among the factors that reduce the number of rigs.

US crude oil futures price WTI after falling 11% in 2023, So far, it has decreased by about 2% in 2024. After a 44% drop in 2023, the price of American gas futures has increased by 6% since the beginning of 2024.

The US Energy Information Administration announced on Thursday (November 10) the country’s oil production in Auguststyle=”text-a..”> increased by 1.5% and reached an unprecedented monthly level of 13.4 million barrels per day. The gross production of natural gas in the United States this month also decreased by 0.6% to 115 billion and 900 million cubic feet per day.

Meanwhile, top American companies including Exxon Mobil and Chevron announced on Friday because Unprecedented production of oil and gas from the Permian basin, the largest shale field in America, profit beyond expectations In the third quarter of this year have had.

Exxon’s production from this basin, which is located in the states of Texas and New Mexico, reached an unprecedented amount of one million and 400 thousand barrels of oil equivalent per day, while Chevron’s production from the Permian Basin increased by 22% to 950,000 barrels of oil equivalent. arrived on the day And it is on the way to reach the production of one million barrels per day next year.

According to the review of TD Financial Services Koen America, of the 26 independent exploration and production companies, these companies plan to reduce their budget in 2024 by about 1 percent compared to 2023.

In 2023, the budget of these companies increased by 27 percent compared to the previous year, and in 2022 and 2021, it was accompanied by a growth of 40 and 4 percent, respectively.

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© Webangah News Hub has translated this news from the source of Mehr News Agency
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