Baker Hughes: This week the number of active drilling rigs in the United States increased for the first time since 2019.

According to a report released on Friday by Baker Hughes, a US energy service company, the number of active drilling rigs in the United States increased this week for the first time since 2019, but the number of drilling rigs in January recorded the largest decline since April 2016, as the prosperity of the largest shale oil block in the United States = the Permian Basin began to cool.

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The closely watched Baker Hughes report shows that as of the week of January 25, the number of active oil rigs in the United States increased by 10 to 862.

The number of active drilling rigs decreased by 23 in January, the largest monthly decline since April 2016. In the past two months, there were two fewer seats in December and 12 more in November.

As a leading indicator of future crude oil production in the United States, the number of active drilling rigs in the United States is still higher than 759 in the same period last year. However, with crude oil prices expected to fall from last year, oil companies said they planned to cut drilling rigs.

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The US Energy Information Agency (EIA) reported this week that shale oil production in seven major shale oil blocks is expected to rise to a record high of 8.2 million barrels a day in February.

However, EIA said that the Permian shale oil production in February will record the smallest increase in one month since May 2018. U.S. crude oil futures traded below $54 a barrel on Friday, and contracts are expected to fall in the first week of four weeks in recent months, as U.S. fuel inventories surge and global economic concerns depress markets.

Looking ahead, crude oil futures for the rest of 2019 and 2020 are likely to trade around $55 a barrel. Cowen & Co, the US financial services company, said this week that its tracking of exploration and production companies (E&P) reports showed that capital expenditure plans increased or decreased differently this year, after about $88.7 billion in capital expenditure plans for 2018, 23% higher than the $72.2 billion in 2017.

Baker Hughes also reported that this week there were 1,059 active oil and gas rigs in the United States, most of which produced both oil and gas.

Analysts at Simmons & Co, an energy arm of Piper Jaffray, an investment bank, this week predicted that the total number of oil and gas rigs will fall to an average of 999 in 2019 and 1,087 in 2020.

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