Total US oil and gas rig count dipped slightly for the week ending February 2 according to Baker Hughes, falling by two vs. a week ago to 619. Rigs were added in the Permian (+1) and All Other (+1), while the Eagle Ford (-2) and Haynesville (-2) both dropped rigs. Total US rig count is up 1 in the last 90 days, but down 140 from this week a year ago. Not much has changed in the last four months, with rig count staying in the 615-625 range since September.
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- Analyst Insight
US Rig Count Down Slightly For Second Consecutive Week
US oil and gas rig count fell for the second consecutive week, dropping two vs. a week ago and falling to 619 for the week ending January 12 according to Baker Hughes. Rigs were added in the Eagle Ford (+3) and Bakken (+2), while the Niobrara (-3), Permian (-2), Haynesville (-1) and Anadarko (-1) all lost rigs. Total US rig count is down 3 in the last 90 days, and down 156 vs. this week a year ago. Oil directed rigs fell by two vs. a week ago, gas directed rigs fell by one, and miscellaneous rigs increased by one.
- Analyst Insight
US Rig Count Continues To Stagnate, Remains at 621 Rigs
US oil and gas rig count continues to be stagnant, with total US rigs at 621 for the week ending January 26 according to Baker Hughes, a gain of one vs. a week ago. Rigs were added in the Permian (+3) and Niobrara (+1), while the Eagle Ford (-1), Haynesville (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down four in the last 90 days, and down 150 vs. this week a year ago.
- Analyst Insight
US Rigs Up Slightly On Gains In Permian, Gulf of Mexico
US oil and gas rig count was up slightly for the week ending April 19 according to Baker Hughes data climbing to 619, an increase of two vs. a week ago. Rigs were added in the Permian (+2), Anadarko (+1) and Gulf of Mexico (+1), while Appalachia (-1) and All Other (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 134 from this week a year ago. Oil directed rigs were up five this week to 511, while gas directed rigs were down three to 106.
