The total number of active oil and gas drilling rigs in the US decreased by four to 576. US crude oil production fell to 13.477 million bpd, down from 13.481 million bpd the previous week.
The real-time price of Brent crude oil is at $75.18 per barrel, and the price of WTI crude oil is at $71.67 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...
But industry leaders have also been clear that these and other policy changes floated by Trump won’t lead to more drilling. The U.S. is already producing more crude oil than any country ...
These drilling and completion efficiency gains ... and its deteriorating geology will weigh on the production of crude oil down the road.” The Permian rig count has declined nearly 15% from ...