US oil and gas rig count was unchanged for the week ending October 25 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+1), while the Gulf of Mexico (-2) lost rigs. Total U.S. rig count is down four in the last 90 days, and down 40 from this week a year ago. Oil-directed rigs fell to 480 (-2), while gas-directed rigs climbed to 101 (+2) and miscellaneous rigs stand at 4 (+0).
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- Analyst Insight
US Rig Count Stands at 585, Unchanged For Third Consecutive Week
US oil and gas rig count was unchanged for the third consecutive week, holding at 585 rigs for the week ending November 8 according to Baker Hughes. Rigs were added in the Anadarko (+2) and Appalachia (+1), while the Gulf of Mexico (-2) and Haynesville (-1) both lost rigs. Total US rig count is down three in the last 90 days, and down 31 from this week a year ago. Oil-directed rigs stand at 479, with gas-directed rigs at 102 and miscellaneous rigs at four, all unchanged from a week ago.
- 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
US Rig Count Up For Third Consecutive Week, Climbs To 588
US oil and gas rig count posted its third consecutive weekly increase, adding two rigs and climbing to 588 for the week ending February 14 according to Baker Hughes. Rigs were added in the Permian (+1, Anadarko (+1) and All Other (+1) while the Bakken (-1) was the only basin to post a decline. Total US rig count is up four in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs stand at 481 (+1), gas-directed rigs stand at 101 (+1), while miscellaneous rigs were unchanged this week at six.
