31—The rig count in the Permian Basin was up five this week ... A year ago, 311 rigs were active in the region. Nationally, the oil and gas rig count is up six from last week at 582 rigs.
The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 576, extending a recent decline to its lowest level since December 2021, Baker Hughes said.
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.