Decrease in the number of crude oil rigs in the United States

2018-04-23

Data released by Baker Hughes shows that in the week ended November 1, 691 wells were drilled online in the United States, 5 fewer than the previous week; 183 fewer than the same period last year. According to the report, there is a decrease of 1 granite wash basin, 1 Haynesville basin, 2 Marcellus basin, 1 Mississippi basin and 1 Permian Basin in western Oklahoma. Analysts from the international derivatives think tank believe that the recent oil price is in a low shock stage, limiting shale oil companies' investment in drilling, and reducing the number of drilling rigs will limit the growth of crude oil production in the United States. According to the data of the past 11 weeks, the number of active oil wells in the United States decreased in 9 weeks.