U.S. oil and gas rig count was unchanged for the second consecutive week, holding at 551 rigs for the week ending February 20 according to Baker Hughes. Rigs were added in the Permian (+1) and All Other (+2), while the Gulf of Mexico (-2) and Haynesville (-1) both declined this week. Total rig count is up two in the last 90 days, but remains down 37 from this week a year ago. Oil-directed rigs at 409, gas-directed rigs at 133 and miscellaneous rigs at 9 were all unchanged this week as well.
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- 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
Gas-Directed Rigs Climb To Highest Level Since July 2023 As U.S. Count Slips To 550
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.
- Analyst Insight
U.S. Rig Count Declines To Begin 2026, Down 45 From Year Ago
U.S. oil and gas rig count began the new year with a small decline, falling by two rigs to 544 for the week ending January 9 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+3), while the Permian (-3), Haynesville (-1), Bakken (-1) and Niobrara (-1) all saw declines. Total rig count is down five in the last 90 days, and down 45 from this week a year ago. Oil-directed rigs stand at 409 (-3) this week, with gas-directed rigs at 124 (-1) and miscellaneous rigs at 11 (+2).
