Vistra Energy, U.S. Oil Production: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Rig Count Unchanged for Week but Down for Month - U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count, an early indicator of future output, held steady at 600 in the week ending May 31. Baker Hughes said oil rigs fell by one to 496, while gas rigs rose by one to 100. The number of oil rigs active in May fell by 10, its first monthly decline since January. The number of gas rigs operating declined by five in May, the first time it fell for three straight months since July 2020. (Reuters)

U.S. Crude Oil Output Rises in March - U.S. crude oil production rose in March to its highest this year, while product supplied fell, data from the U.S. Energy Information Administration (EIA) showed on Friday. Crude oil output rose by 0.6% to 13.2 million barrels per day (BBL/d) in March, the highest since December. Crude volumes from Texas, the top producing state, edged 0.7% higher to 5.6 million BBL/d in March, its highest since December. Output in New Mexico, the second largest producer, grew by 1.6% to 2 million BBL/d to its highest on record for a second straight month. Crude oil production in North Dakota, however, fell by 2.7% to 1.2 million BBL/d, its lowest since January. (Reuters)

POWER
Vistra to Add 2,000 MW of Gas-Fired Power in Texas - Energy firm Vistra Corporation (NYSE:VST) (Irving, Texas) on Thursday said it intends to add up to 2,000 megawatts (MW) of dispatchable, natural-gas-fueled power capacity in west, central, and north Texas to improve grid reliability. Vistra said the company intends to build up to 860 MW of advanced simple-cycle peaker plants, used for backup generation during peak demand hours, to be located in West Texas to support growing demand in the region, including from the oil and gas industry. The company would also repower a retired coal plant as a gas-fueled one and upgrade existing gas plants to lift capacity. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).