The number of total active drilling rigs in the United States rose by 16 this week. The total rig count increased to 689 this week—257 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 13 rigs to 546, while gas rigs rose by 3 to 141. Miscellaneous rigs stayed the same. While drilling activity has picked up in the United States over the last few months, U.S. production—a corollary to drilling rigs but with months of lag—has been slow to tick up after the losses sustained during the Covid crisis. U.S. weekly production of crude rose slightly last week to 11.8 million bpd, according to the latest Energy Information Administration for the week ending April 1. The rig count in the Permian Basin rose by 9 this week to 332. Primary Vision’s Frac Spread Count, which tracks the number of […]