I have captured key industry data, as it relates to the previous business week.
The oil rig count increased by 2 and has once more set a new high for 2022. The count is equally up by 258 rigs compared to the lowest point seen in 2021.
• Also, the price for Brent and WTI crude has increased by over 35.00 USD over the course of a year.
The below information that further complements the #infographic:
(Oil Rig Count: Baker Hughes report: data released on April 1st for 2021)
• April 1st, 2021: 337
• April 1st, 2022: 533
(Primary Vision Network – Frac Spread Count: data released on April 1st for 2021)
• April 1st, 2021: 207
• April 1st, 2022: 273
(Oilprice site—#WTI price: data references April 1st for 2021)
• April 1st, 2021: 62.86 USD
• April 1st, 2022: 99.27 USD
(OilPrice site—Brent Crude price: data references April 1st for 2021)
• April 1st, 2021: 62.85 USD
• April 1st, 2022: 104.39 USD
(EIA Crude Oil Inventories: agency reports with a week delay)
• March 26h, 2021: 501,835,000 Barrels
• March 25th, 2022: 409,950,000 Barrels
(EIA Gasoline Inventories: agency reports with a week delay)
• March 26h, 2021: 230,544,000 Barrels
• March 25th, 2022: 238,828,000 Barrels
