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Number of drilling rigs in the US increased in a week

UNITED STATES (OBSERVATORY) –┬áThe number of installations for drilling oil wells in the US increased last week by 7 pieces to 815 by April 13, said Baker Hughes BHI.N.

Analysts at Simmons & Co maintained the forecast of the average number of installations for drilling oil and gas in the US at 1.013 thousand units in 2018 and 1.129 thousand in 2019.

Today, the number of existing installations for drilling oil and gas wells in the United States is on average 972 pieces compared with 876 in 2017 and 509 in 2016. The

number of drilling is used as an indicator of the volume of future oil production in the United States.

In its April review, the Energy Information Administration (EIA) raised the forecast for oil production in the US for 2019.

The department expects that the volume of production of raw materials in the US next year will grow by an average of 750 thousand barrels per day in the annual comparison to 11.44 million barrels per day. The previous forecast assumed growth to 11.27 million barrels per day.

According to the EIA forecast, in 2018, oil production in the US will be 10.69 million barrels per day.

According to experts from Cowen & Co, 58 of the approximately 65 companies specializing in exploration and production, which Cowen & Co monitors, on average plan to increase capital costs by 11% in 2018. compared with the previous year, Reuters reported.