News
Basin rig count steady as prices drop
Summary by The Odessa Editorial Desk Odessa American , as published by Odessa American (oaoa.com)
· August 28, 2026
· 1 min read
Photo: Odessa American (oaoa.com) · view original
Story provenance No corrections
Summary created by The Odessa Editorial Desk — automated, rule-governed Byline on source page Odessa American, as published by Odessa American (oaoa.com) Original story Read at the source Source published Aug 28, 2026 Indexed here Aug 28, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key points The regional benchmark price ended the week at $79. There are 267 active rigs in one region, which is 12 more than the same time last year.
Oil prices have dropped recently. The regional benchmark price ended the week at $79.88 per barrel, a decrease of $3.66. National crude prices also fell by $3.66 to $83.40 per barrel.
Rig activity remains steady, with the total count unchanged from the previous week. There are 267 active rigs in one region, which is 12 more than the same time last year.
Further details on rig counts and oil prices are available, including national and regional comparisons. The number of rigs seeking oil and natural gas has shifted slightly, with some changes in the overall count.
More News Today’s briefing Local events
Why this story is here
Odessa American (oaoa.com) reported and published this story. The Odessa selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
About this story
As published by Odessa American (oaoa.com) . The Odessa selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Odessa American (oaoa.com) . Have a tip or correction? Contact the editor .
Category: News Published: August 28, 2026 Source: Odessa American (oaoa.com) Reading time: 1 min
Frequently asked about this story
What is this story about? Oil prices have dropped recently. The regional benchmark price ended the week at $79.88 per barrel, a decrease of $3.66. National crude prices also fell by $3.66 to $83.40 per barrel. Rig activity…
When was this published? This article was first published on August 28, 2026 by Odessa American (oaoa.com) and curated for The Odessa readers.
Who reported this story? This story was reported by Odessa American at Odessa American (oaoa.com). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Odessa, or browse our daily briefing and topic hubs .
← Back to all news
More News →
Today’s briefing
Subscribe to newsletter
