US Oil Drillers See Pullback as Oil Prices Rise
PRI: 14 — MINIMAL Base risk 32/100 × Low confidence multiplier (0.45). Highest contributor: Significance 56/100, normalised to this factor's 40-point cap (+23 of 40). Limiting factor: Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (30 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.
Confidence multiplier Confidence limits the final PRI when evidence is uncertain. A severe but weakly supported claim cannot reach the highest PRI bands.: 0.45 (Low) · Calculated 2026-08-21 17:33:39 (vv1).
Full contribution breakdown
- Procurement Impact: 23 / 40 — Significance 56/100, normalised to this factor's 40-point cap
- Corroboration: 5 / 15 — A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty)
- Entity Criticality: 0 / 30 — Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient
- Geographic Regulatory: 4 / 15 — 1 distinct content-linked geography/geographies
- Event type
- Commodity price movement
- UUID
- d2f5b051-8390-409d-a2f4-f23350300c4d
- Editorial review status
- Pending (ProcIntel's own review of this record)
- Event lifecycle
- Breaking (the real-world state of the situation — a separate concept from review status above)
- Significance
-
3 · Material
- This type of disruption typically has a moderate procurement impact.
- A single geography identified so far.
- Wide breadth — linked to 4 tracked entities/organisations.
- Assessed time horizon: Short-term.
- Confidence
-
2 · Low
(distinct from each article link's own extraction confidence below)
- Reported only by secondary sources so far — no primary/official confirmation yet.
- Reported by a single source so far — not yet independently corroborated.
- Some key facts (e.g. exact date) are still missing or unconfirmed.
- Evidence is current — updated within the last week.
- Impact direction
- Neutral or Mixed (provisional default — not yet reviewed)
- Occurred at
- Not yet established (no explicit date was tightly bound to the matched event text)
- Record type
- REAL
Source Facts
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US falling to 588, up 50 from this same time last year. The number of active oil rigs fell by 3, sinking to 452 during the latest reporting period, according to the data. This is 41 above this same time last year. The number of gas rigs fell by 1 to 127, which is 5 more than this time last year. Miscellaneous rigs fell by 1 to 9. The latest EIA data showed that…
Linked Signals
| Published | Headline | Source | Matched text | Extraction confidence | Method |
|---|---|---|---|---|---|
| 2026-08-21 17:16:00 | US Oil Drillers See Pullback as Oil Prices Rise | Oilprice.com | prices rise | 95.0 | high precision phrase |
Linked Entities
| Entity | Type | Link method | Confidence | Source article |
|---|---|---|---|---|
| Baker Hughes Company | Company | reused entity extraction | 75.0 | article |
| United States | Country | reused entity extraction | 75.0 | article |
| U.S. Energy Information Administration | Government Organisation | reused entity extraction | 75.0 | article |
| Global | Region | reused entity extraction | 95.0 | article |
Spend Categories
No spend categories linked yet
Spend categories are linked by a reviewer, not assigned automatically.
Review History
| Date | Action | Previous | New | Reviewer | Note |
|---|---|---|---|---|---|
| 2026-08-21 17:33:39 | Created | — | Commodity price movement: 'US Oil Drillers See Pullback as Oil Prices Rise' (lifecycle=Breaking) | Deterministic v1 extractor | — |
| 2026-08-21 17:33:39 | Pri Recalculated | score=None, band=None | score=1, band='Minimal' | Deterministic v1 extractor | PRI: 1 — MINIMAL Base risk 5/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: no eligible entities. |
| 2026-08-21 17:33:39 | Urgency Recalculated | level=None, horizon_days=None | level='Unknown', horizon_days=None | Deterministic v1 extractor | No explicit, quantified temporal evidence found. Timing is not inferred from event type or vague language. |
| 2026-08-21 17:33:39 | Pri Recalculated | score=1.0, band='Minimal' | score=1, band='Minimal' | — | PRI: 1 — MINIMAL Base risk 5/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient. |
| 2026-08-21 17:33:39 | Article Linked | — | source_item #11651 | — | — |
| 2026-08-21 17:33:39 | Significance Changed | None | 3 | — | — |
| 2026-08-21 17:33:39 | Confidence Changed | None | 2 | — | — |
| 2026-08-21 17:33:39 | Pri Recalculated | score=1.0, band='Minimal' | score=14, band='Minimal' | — | PRI: 14 — MINIMAL Base risk 32/100 × Low confidence multiplier (0.45). Highest contributor: Significance 56/100, normalised to this factor's 40-point cap (+23 of 40). Limiting factor: Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (30 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient. |