Baker Hughes: US oil active drilling has increased by 9 for five consecutive weeks

Abstract US oil service company Baker Hughes released data on Friday (May 4) that as of the week of May 4, the number of active oil drilling in the United States increased by 9 to 834, showing growth for five consecutive weeks. Brush again in March 2015 to a new high. last year...

US oil service company Baker Hughes released data on Friday (May 4) that as of the week of May 4, the number of active oil drilling in the United States increased by 9 to 834, showing growth for five consecutive weeks. Brush again in March 2015 to a new high. In the same period last year, the number of active oil drilling in the United States was 703.

More than half of the wells are from the Permian Basin, which increased by 6 to 458 this week, the highest since January 2015. The US Energy Information Administration (EIA) expects crude oil production in the Permian Basin to increase to a record high of nearly 3.2 million barrels per day in May, accounting for about 30% of total production.

More data shows that the total number of active oil and gas drilling in the US increased by 11 to 1032 in the week ending May 4.

In addition, Baker Hughes said in the report that the number of active natural gas drilling in the United States increased by one to 196 in the week.

Simmons & Co analysts report that the total number of oil and gas wells is expected to reach 1,015 in 2018, and 1,130 in 2019, previously expected to be 1,014 and 1,129.

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, the gains of WTI crude oil and Brent crude oil were slightly reduced.


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