Industry at a glance

Vol. 234 No. 10

INDUSTRY AT A GLANCE

Escalating world tensions over Syria’s use of chemical weapons contributed to a spike in crude oil prices in August, which fell again as tensions eased. West Texas Intermediate traded at an average $106.57/bbl, while Brent Blend stayed a little higher. Crude production in Libya collapsed, while a surge in production from Saudi Arabia only partly made up the difference. Seasonal declines in the North Sea were more than offset by rising North American production. U.S. wellhead gas prices slipped back below $4/MMBtu. The U.S. rotary rig count dropped to 1,766, about 7% below year-ago levels, while worldwide the rig count rose to 1,635.

US Gas Prices ($/MCF) and Production (BCFD) Graph		World Oil Production Table
US Rotary Drilling Rigs Graph		Selected World Oil Prices Graph
US Rotary Drilling Rigs Table		International Rotary Rig Graph
Workover Rig Table		International Rotary Rig Table
US Oil Production		International Offshore Rigs Table
U.S. Onshore Well Count