The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US  to 544 this week, down 32 from this same time last year.

The number of active oil rigs rose by 1 for the second week in a row during the latest reporting period, according to the data. Oil rigs are now at 411, which is 61 below this same time last year. The number of gas rigs stayed the same at 122, which is 23 more than this time last year. The miscellaneous rig count stayed at 11.

The latest EIA data showed that weekly U.S. crude oil production fell by another 21,000 bpd in the week ending January 16 to 13.732 million bpd on average, 131,000 bpd under the all-time high.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose for the second week in a row during week ending January 16, gaining 4 to reach 160. This is 28 under the same time last year.

The number of active drilling rigs in the Permian Basin was unchanged at 244, which is 54 rigs under year-ago levels. The count in the Eagle Ford held steady at 40, which is 5 fewer than this same time last year.

Oil prices were trading higher on the day prior to the data release. Brent futures are trading at $65.80 per barrel (+2.72%). WTI was trading up $1.60 per barrel at $60.97.

By Julianne Geiger for Oilprice.com

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