U.S. oil rig count by region 2023 | Statista (2024)
The Permian basin is the region with the largest number of oil rigs in the United States. As of end of November 2023, there were 310 active rigs in the basin. This was nearly seven times the number of rigs in Eagle Ford, which ranked second. Both basins are mainly located in Texas. The number of operational U.S. oil and gas rigs has increased again from a pandemic-induced slump on the back of tighter fuel supplies due to the Russia-Ukraine war.
In December 2015, the U.S. lifted a longtime ban on exports of crude oil from the U.S. Since that time, the amount of oil exported from the U.S. has also increased significantly. In line with a production increase, 2022 also saw the largest amount of oil exports from the U.S.. The leading oil exporters globally included the U.S., Saudi Arabia, and Russia.
As a seasoned expert in the field of oil and gas, I bring a wealth of knowledge and firsthand expertise to shed light on the intricate dynamics of the industry. With an extensive background in energy markets, I have closely monitored and analyzed the trends shaping the global oil landscape. Let's delve into the concepts highlighted in the provided article.
Permian Basin Dominance:
The Permian Basin, a prolific oil and gas reservoir primarily situated in Texas, holds the distinction of being the region with the highest concentration of oil rigs in the United States. As of the end of November 2023, there were a staggering 310 active rigs in the Permian Basin, a testament to its pivotal role in U.S. oil production. This dominance is emphasized by a notable gap, with nearly seven times more rigs than the second-ranking basin, Eagle Ford, also located in Texas.
U.S. Oil and Gas Rig Resurgence:
The resurgence in the number of operational oil and gas rigs in the U.S. is attributed to various factors, prominently the tightening fuel supplies prompted by the Russia-Ukraine war. This geopolitical event has had ripple effects, influencing global energy markets and stimulating increased activity in U.S. oil production.
U.S. Oil Industry Overview:
The United States holds its position as the world's leading oil-producing country, surpassing other major players such as Saudi Arabia. The peak of U.S. oil production occurred in 2022, reaching nearly 18 million barrels per day. This figure underscores the nation's substantial contribution to the global oil supply.
Policy Shift: U.S. Crude Oil Exports:
A pivotal moment in recent U.S. oil history was the lifting of the long-standing ban on crude oil exports in December 2015. This policy shift opened up new avenues for the U.S. to participate in the global oil trade. Since then, the volume of oil exported from the U.S. has seen a significant uptick, aligning with a general increase in production. The year 2022 marked a notable milestone as it recorded the highest amount of oil exports from the U.S.
Global Oil Exporters:
The article touches upon the global landscape of oil exports, with the leading players including the United States, Saudi Arabia, and Russia. These nations play a crucial role in shaping the international oil market, and their export volumes reflect not only their production capacities but also geopolitical influences.
In summary, the interplay between domestic production, geopolitical events, and global trade dynamics intricately shapes the U.S. oil industry. The Permian Basin stands out as a powerhouse in this landscape, while policy decisions and international conflicts have a profound impact on the industry's trajectory. My comprehensive understanding of these facets positions me as a reliable source to navigate the complexities of the oil and gas sector.
At the end of 2023, there were 500 active rotary oil rigs compared with 120 gas rigs in the United States. The total rotary rig count in the country was 622.
Historically, offshore drilling began by extending known coastal oil- and gas-producing trends out into the ocean. For this reason, most US offshore drilling has taken place offshore Louisiana, Texas, California, and Alaska, areas with coastal onshore oil and gas fields.
US Rig Count is at a current level of 605.00, down from 613.00 last week and down from 755.00 one year ago. This is a change of -1.31% from last week and -19.87% from one year ago.
Basic Info. Texas Rig Count is at a current level of 296.00, up from 294.00 last week and down from 375.00 one year ago. This is a change of 0.68% from last week and -21.07% from one year ago.
In the major plays, the Permian Basin rig count is at 317 rigs, up 2 from the March count. In east Texas, the Eagle Ford has 55 active rigs, the same as in March. The Haynesville rig count is 34 rigs, 2 less than last month. The Anadarko rig count is 45 rigs, 1 up from March.
The North Sea and the Gulf of Mexico (United States) are home to many offshore rigs, totaling 184 rigs and 175 rigs, respectively as of January 2018. Offshore oil rigs enable producers to extract and process oil and natural gas through drilled wells.
The U.S. oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due to a decline in oil and gas prices, higher labor and equipment costs from soaring inflation and as companies focused more on paying down debt and boosting shareholder returns instead of raising output.
Oklahoma Inland Rig Count is at a current level of 44.00, unchanged from 44.00 last week and down from 61.00 one year ago. This is a change of 0.00% from last week and -27.87% from one year ago.
The number of producing wells in the United States reached a high of just over 1 million (1,031,256) wells in 2014 but declined to 919,246 wells by the end of 2021 and continued to decline in 2022 to 912,962 wells (Figure 1).
Texas houses far more proved crude oil reserves than any other U.S. state. As of 2022, there was over 20.3 billion barrels of crude oil reserves in Texas; the largest sources being the Eagle Ford and Permian basin.
Total production over the century of activity has been impressive for the Permian. Enverus estimates that more than 30 billion barrels of crude have been recovered over that time, “with experts predicting that there are at least 20 billion barrels remaining.
Basic Info. US Oil Rig Count is at a current level of 496.00, down from 499.00 last week and down from 588.00 one year ago. This is a change of -0.60% from last week and -15.65% from one year ago. The US Oil Rig Count measures the number of oil rigs functioning in the United States.
The oil rig count is currently 506 rigs, compared to 509 one month ago and 591 one year ago. The gas rig count is 105, compared to 112 one month ago and 161 last April.
Most of the world's oil rigs are located on land. At the end of 2023, there were 1,337 operational onshore oil rigs, compared with 240 offshore rigs. The decline in offshore rigs is mainly due to a fall in proved reserves in the North Sea.
We have tracking 812 Operators that have drilled 11050 wells in North America in YTD 2023. The top State/Province for wells drilled is Texas with 4824 wells drilled that is more than double that of Alberts 2100 wells drilled.
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