Total US rig count was unchanged for the week ending March 14 according to Baker Hughes, remaining at 592 rigs. Gains this week in the Anadarko (+2) and Bakken (+1) were offset by losses in the Permian (-3). Total US rig count is up three in the last 90 days, and down 37 vs. this week a year ago. Oil-directed rigs climbed to 487 (+1), while gas-directed rigs fell to 100 (-1) and miscellaneous rigs were flat at five (+0).
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- Analyst Insight
US Rig Count Up Seven On Gains In Multiple Basins After Weeks of Stagnation
US oil and gas rig count grew by seven for the week ending December 6, the largest weekly gain since September, climbing to 589 according to Baker Hughes. The Permian (+1), Bakken (+1), Gulf of Mexico (+1) and All Other (+5) basins all posted gains, while the Anadarko (-1) was the only basin to post a decline. Within the All Other group, rigs were added in Granite Wash (+2) in the Texas panhandle, Monterey Shale (+1) in California, Uinta (+1) in Utah, and East Texas Other (+1). Total US rig count is up seven in the last 90 days, and down 37 vs. this week a year ago. Oil-directed rigs climbed to 482 (+5) while gas-directed rigs grew to 102 (+2) and miscellaneous rigs were unchanged and stand at five.
- 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
Rig Count Unchanged for Second Consecutive Week, Holding at 585
US oil and gas rig count was unchanged for the second consecutive week, maintaining 585 rigs for the week ending November 1 according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1), Bakken (+1) and All Other (+1), while the Eagle Ford (-2), Permian (-1) and Anadarko (-1) all posted losses. Total US rig count is down one in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs declined to 479 (-1), while gas-directed rigs grew to 102 (+1) and miscellaneous rigs held flat at four.
