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Baker Hughes: U.S. oil increased active drilling by 1 for three consecutive weeks

Baker Hughes: U.S. oil increased active drilling by 1 for three consecutive weeks

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   US oil service company Baker Hughes released data on Friday (February 21) showing that as of the week of February 21, the number of active oil wells in the United States increased by one to 679, recording three consecutive weeks of growth. The same period last year was 853. The first annual decline since 2016 was recorded in 2019.

   In January 2020, the number of active oil wells in the United States recorded a decrease in the 13th month in the past 14 months. Nonetheless, US crude oil production continues to create new highs, last week remaining at a record high of 13 million barrels per day.
The total number of active oil drilling in the United States decreased by 208 in 2019, but US crude oil production increased from 11.7 million barrels per day in early 2019 to 12.9 million barrels per day on December 20.
之前 EIA's previous report shows that the growth rate of US crude oil production is expected to slow to 3% in 2021, the slowest since 2016. U.S. crude oil output fell at that time, and in 2019 it rose sharply by 18% to a record high of 12.2 million barrels per day. At the same time, it is expected that US crude oil production will further increase by 9% to 13.3 million barrels per day in 2020.
More data shows that as of February 21, the total number of active oil and gas well drilling in the United States increased by 1 to 791.
In addition, Baker Hughes said in the report that the number of active natural gas drilling in the United States was flat at 110.

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