U.S. Oil Rig Count Rises By 1 to 411 -- Market Talk

Dow Jones01-24 02:53

1353 ET - The number of rigs drilling for oil in the U.S. increased by one this week to 411, or 61 fewer than a year ago, oil services company Baker Hughes reports. The U.S. has had record oil output despite lower drilling thanks to efficiency gains. The EIA in its latest outlook expects production to average 13.6 million barrels a day this year, little changed from 2025, and then drop in 2027 as lower prices lead to less drilling. "I don't see companies spending a lot of money in here, I think they're still going to allocate cash to shareholders," says Marcus McGregor, head of commodity research at investment management firm Conning. "With WTI in the $50s and maybe going lower, I don't see it averaging much more than 13.6 million barrels a day this year."(anthony.harrup@wsj.com)

(END) Dow Jones Newswires

January 23, 2026 13:53 ET (18:53 GMT)

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The EIA in its latest outlook expects production to average 13.6 million barrels a day this year, little changed from 2025, and then drop in 2027 as lower prices lead to less drilling. \"I don't see companies spending a lot of money in here, I think they're still going to allocate cash to shareholders,\" says Marcus McGregor, head of commodity research at investment management firm Conning. \"With WTI in the $50s and maybe going lower, I don't see it averaging much more than 13.6 million barrels a day this year.\"(anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2026 13:53 ET (18:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605407057","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605407057","pubTimestamp":1769194380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1353 ET - The number of rigs drilling for oil in the U.S. increased by one this week to 411, or 61 fewer than a year ago, oil services company Baker Hughes reports. 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The U.S. has had record oil output despite lower drilling thanks to efficiency gains. The EIA in its latest outlook expects production to average 13.6 million barrels a day this year, little changed from 2025, and then drop in 2027 as lower prices lead to less drilling. \"I don't see companies spending a lot of money in here, I think they're still going to allocate cash to shareholders,\" says Marcus McGregor, head of commodity research at investment management firm Conning. \"With WTI in the $50s and maybe going lower, I don't see it averaging much more than 13.6 million barrels a day this year.\"(anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2026 13:53 ET (18:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605407057","isCrawlerRequest":true}