What’s perhaps most impressive about the steady surge in oil production is the fact that the weekly US oil rig count remains well below the 2014 peak of more than 1,600 rigs. There were just 502 active oil rigs in the US last week, representing a 69% decline from the 2014 peak. That shows just how efficient America’s energy industry has become…
September 2023 Rig Count by Shale*In the major plays, the Permian Basin rig count is at 309 rigs, down eleven from the August count. In east Texas, the Eagle Ford has 50 active rigs, two fewer than August. The Haynesville rig count is 39 rigs, down three from last month.Oct 6, 2023
