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
Big Boost In Haynesville Leads U.S. Rig Growth To Begin February
A significant gain in the Haynesville drove U.S. rig count higher for the week ending February 6, climbing to 551 according to Baker Hughes data. The Haynesville added six rigs on the week to reach a multi-year high of 64 rigs.
