By Julianne Geiger - May 22, 2026, 12:14 PM CDT
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 558, down just 8 from this same time last year.The number of active oil rigs rose by 10 to 425 during the latest reporting period, according to the data. This is 30 below this same time last year. The number of gas rigs fell by 3. Gas rigs now sit at 125, which is 17 more than this time last year. The miscellaneous rig stayed the same at 8.The latest EIA data showed that weekly U.S. crude oil production fell during week ending May 15. US crude oil production averaged 13.702 million bpd during the reporting period—just 160,000 bpd under the all-time high.Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose during the week ending May 15 by 5 again this week, reaching 184 crews—the highest level since last June.The number of active drilling rigs in the Permian Basin rose by 4 for the second week in a row with boldened drillers, reaching 250. This is 29 rigs under year-ago levels. The count in the Eagle Ford rose by 2 to 44, which is 2 more than this same time last year. Cana Woodford saw a 2-rig gain, while Barnett and Haynesville are both down one rig.Oil prices were up on Friday morning as several industry players reiterate that the supply disruptions will linger well beyond any opening of the Strait of Hormuz, whenever that may be. Brent is now trading at $104.40 (+1.78%) per barrel, down $3 per barrel on the week. WTI was also trading up on the day at $97.94 (+1.65%), down $7.50 week over week.By Julianne Geiger for Oilprice.comMore Top Reads From Oilprice.comTotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind PortfolioPakistan Looks to Host Crude Reserve Sites of Gulf Oil ProducersUkraine Hits 300,000-Bpd Gazprom Neft Refinery in Overnight Drone Strike
