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U.S. Oil Rig Count Rises as Gas Rig Activity Declines

The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US…

  • U.S. oil rig count remains at 588, up 51 from last year
  • Gas rig count drops to 130, down 2 from last year
  • U.S. crude oil production rises to 13.862 million bpd

Citadel Eyes U.S. Shale as Oil Trading Moves Closer to the Wellhead

Citadel is shopping for U.S. oil production assets, including a previous bid for WildFire Energy before Magnolia Oil & Gas agreed to buy the Eagle Ford producer for $4.06 billion.

  • Citadel aims to acquire U.S. oil production assets.
  • Potential deal could yield 53,000 barrels/day from South Texas.
  • Citadel's founder Ken Griffin concerned about Middle East disruptions.

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