Industry at a glance

Vol. 234 No. 9

INDUSTRY AT A GLANCE

West Texas Intermediate crude prices hit 16-month highs in July, as tensions over possible international intervention in the Syrian conflict made consuming countries nervous. The price of Brent Blend also climbed, though at a slower pace, reducing the gap between the two benchmarks. Production outside of OPEC continued to climb, more than offsetting supply disruptions in Libya and Iraq. Worldwide, crude production increased to 91.85 MMbopd. Natural gas prices stayed in the range of $3.50 MMBtu on the Henry Hub. The U.S. rotary rig count rose slightly to around 1,766 units running, while the international count climbed by some 80 rigs to 1,594.

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

FROM THE ARCHIVE