In yet another week that saw very little movement in overall US oil and gas rig count, total rigs declined by one rig, falling to 592 for the week ending March 28 according to Baker Hughes data. Rigs were added in the Haynesville (+1) and All Other (+1), while the Permian (-3) was the only basin to report a decline. Total US rig count is up three in the last 90 days, and down 29 from this week a year ago. Oil-directed rigs fell to 484 (-2) for the week, while gas-directed rigs climbed to 103 (+1) and miscellaneous rigs were flat at five.
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- Analyst Insight
After Five Consecutive Weeks Of Growth, Rig Count Starts March With Small Decline
After five consecutive weeks of gains, US oil and gas rig count began the month of March with a small decline, falling by one rig to 592 for the week ending March 7 according to Baker Hughes. Rigs were added in the Eagle Ford (+1) and Gulf of Mexico (+1), while the Haynesville (-2) and Permian (-1) both lost rigs. Total US rig count is up three in the last 90 days, and down 30 vs. this week a year ago. Gas-directed rigs fell to 101 (-1) this week, while oil-directed rigs were flat at 486 and miscellaneous rigs held at five.
- Analyst Insight
US Rig Count Down Slightly To End Month of September
US oil and gas rig count declined by one vs. a week ago, falling to 587 for the week ending September 27 according to Baker Hughes. Rigs were added in the All Other (+2) group, while the Eagle Ford (-1), Gulf of Mexico (-1) and Permian (-1) all lost rigs. Total rig count is up six in the last 90 days, and down 36 from this week a year ago. Oil-directed rigs (484) declined by four for the week, while gas-directed rigs (99) climbed by three and miscellaneous rigs (4) were flat.
- Analyst Insight
Slow Week For US Rig Count, Declining by One vs. Week Ago & Falling to 585
US oil and gas rig count showed little movement for the week ending October 18, declining by one vs. a week ago and falling to 585 according to Baker Hughes. Rigs were added in the Anadarko (+1), while the Haynesville (-1) and All Other (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 39 vs. this week a year ago. Oil-directed rigs climbed to 482 (+1) this week, while gas-directed rigs fell to 99 (-2) and miscellaneous rigs were flat at four.
