It was another uneventful week for US oil and gas rig count, with total rig count falling to 621 for the week ending March 29, a decline of three vs. a week ago according to Baker Hughes. One rig was added in the Permian (+1), while the Gulf of Mexico (-3) and Niobrara (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 134 vs. this week a year ago. Oil directed rig count (-3) was down to 506 this week, while gas directed rigs (112) and miscellaneous rigs (3) both held flat.
Featured Articles
- 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 Led By Gulf of Mexico Decline
US oil and gas rig count continued to hold it's course, dropping two rigs vs. a week ago and falling to 621 for the week ending February 16 according to Baker Hughes. Rigs were added in All Other (+1), while the Gulf of Mexico (-2) and Permian (-1) both lost rigs. Total US rig count is up three in the last 90 days, and down 139 vs. this week a year ago. Oil rigs declined by two this week to 497, while gas-directed rigs (121) and miscellaneous rigs (3) were flat.
- Analyst Insight
US Rig Count Continues Downward Trend To Begin October, Even As Gas Rigs Climb Back Past 100
US oil and gas rig count continued last weeks downward trend falling to 585 for the week ending October 4, a decline of two. vs. a week ago according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1) and Niobrara (+1), while the Permian (-2), Anadarko (-2) and Gulf of Mexico (-1) all lost rigs. Total US rig count is flat vs. 90 days ago, and down 34 vs. this week a year ago. Gas-directed rigs climbed by three this week to 102 on rising prices and the beginning of higher winter demand, the first time they have exceeded 100 since late July. Oil-directed rigs (479) declined by five for the week and miscellaneous rigs (4) were flat.
