U.S. oil and gas rig count edged down one rig to 550 for the week ending February 27 according to Baker Hughes data, as a two-rig decline in the Gulf of Mexico more than offset a one-rig gain in the Permian; all other basins were unchanged. Despite the overall decline, gas-directed rigs climbed 134 (+1) — their highest level since July 2023 — while oil-directed rigs declined to 407 (-2) and miscellaneous rigs were unchanged at 9. Total U.S. rig count is up six rigs in the past 90 days but remains 43 rigs below the same week last year.
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- Analyst Insight
U.S. Rig Count Edges Up One to 544; Gas Rigs Rebound as Oil-Directed Decline
U.S. oil and gas rig count gained one rig to 544 for the week ending April 24 according to Baker Hughes data, as the Eagle Ford (+1) and Anadarko (+1) each added a rig while Gulf of Mexico shed one; all other basins were unchanged.
- Analyst Insight
Gas-Directed Rigs Continue Gains, Overall U.S. Drilling Activity Flat
Gas-directed drilling activity continued last week's gains, despite overall U.S. rig count remaining flat at 551 for the week ending February 13 according to Baker Hughes.
- Analyst Insight
U.S. Rig Count Up Two to 553: Offshore Gains Lead Additions
U.S. oil and gas rig count gained two rigs to 553 for the week ending March 13 according to Baker Hughes data, as gains in Gulf of Mexico (+2), Haynesville (+1), Niobrara (+1) and All Other (+1) outpaced declines in the Eagle Ford (-1), Bakken (-1) and Anadarko (-1).
