This week was another slow one for US oil and gas rig count, with total rigs falling to 538 for the week ending August 22, a decline of one vs. a week ago according to Baker Hughes. The Bakken dropped one rig this week, while all other basins were unchanged. Total US rig count stands at 538, down 28 in the last 90 days and down 47 from this week a year ago. Oil-directed rigs stand at 411 and declined by one vs. a week ago, while gas-directed rigs at 122 and miscellaneous rigs at 5 were both unchanged from last week.
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- Analyst Insight
US Oil and Gas Rig Count Unchanged at 539, Haynesville Climbs to Highest Level in 18 Months
US oil and gas rig count was unchanged at 539 for the week ending August 15 according to Baker Hughes. Rigs were added in the Haynesville (+2) and Eagle Ford (+1), while the Permian (-1) and All Other (-2) both posted weekly declines. The Haynesville climbed to 45 rigs this week, its highest since February of 2024. Total US rig count is down 36 in the last 90 days, and down 47 vs. this week a year ago. Oil-directed rigs climbed to 412 (+1) this week, with gas-directed rigs falling to 122 (-1) and miscellaneous rigs flat at five.
- Analyst Insight
US Rig Count Declines To 578 Led By Losses In Permian, Gulf of Mexico
US oil and gas rig count declined to 578 for the week ending May 9, a decline of six vs a week ago according to Baker Hughes. The Gulf of Mexico (-2), Permian (-2), Niobrara (-1) and All Other (-1) all posted declines, while no basins reported gains. Total US rig count is down nine in the last 90 days, and down 26 from this week a year ago. Oil-directed rigs stand at 474 and declined by five this week, while gas-directed rigs were unchanged at 101 and miscellaneous rigs declined by one to three rigs.
- Analyst Insight
US Rig Count Declines By Two To End Month Of August
US oil and gas rig count ended the month of August with another week-on-week decline, dropping two rigs for the week ending August 29 and marking the fourth week of declines this month according to Baker Hughes data. Rigs were lost in the Haynesville (-1), Anadarko (-1) and Bakken (-1), while the All Other group (+1) was the only one to post a gain for the week. Total US rig count stands at 536 and is down 27 in the last 90 days and down 47 vs. this week a year ago. Oil-directed rigs stand at 412 (+1), with gas-directed rigs at 119 (-3) and miscellaneous rigs at 5.
