Total US oil and gas rig count climbed to 641 for the week ending September 15, a gain of nine vs. last week according to Baker Hughes. Rigs were added in the Permian (+2), Eagle Ford (+2) and All Other (+5), while no basins lost rigs. Total US rig count is down 46 in the last 90 days, and down 122 vs. this week a year ago.
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- Analyst Insight
Rig Count Climbs To 586, Erasing Last Week's Losses
US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs. Within the All Other group, the Green River, Monterey Shale, Sacramento Basin, and Unita basins each added one rig. Total US rig count is down 33 in the last 90 days, and down 83 vs. this week a year ago. Oil-directed rigs declined this week to 477 (-1), while gas-directed rigs grew to 103 (+3) and miscellaneous rigs were flat at 6.
- 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 Oil and Gas Rig Count Grows For First Time Since April
US oil and gas rig count increased this week for the first time since April, climbing to 544 for the week ending July 18, a gain of seven vs. last week according to Baker Hughes data. The gain was primarily due to growth in the All Other category (+7), with the Haynesville (+3) also adding rigs, while the Eagle Ford (-2) and Permian (-1) both lost rigs. The most notable contribution in the All Other category came from the San Juan basin in Northwest New Mexico which gained four rigs vs. last week. The San Juan is primarily a gas play, producing just under 2 Bcf/d of gross gas. Total US rig count is down 41 in the last 90 days, and down 42 vs. this week a year ago. Oil-directed rigs fell to 422 (-2) on the week, while gas-directed rigs climbed to 117 (+9) and miscellaneous rigs were flat at five.
