US oil and gas rig count gained two rigs vs. last week, climbing to 587 for the week ending April 25 according to Baker Hughes data. One rig each was added in the Haynesville and Anadarko, while all other basins were unchanged for the week. Total US rig count is up 11 in the last 90 days, and down 26 vs. this week a year ago. Oil-directed rigs stand at 483 (+2), gas-directed rigs at 99 (+1), and miscellaneous rigs at 5 (-1).
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- Analyst Insight
US Rig Count Falls For Fifth Consecutive Week, Dropping to 563
US oil and gas rig count declined for the fifth consecutive week, dropping to 563 for the week ending May 30 according to Baker Hughes data. The Permian (-1), Anadarko (-1) and Appalachia (-1) all lost rigs, while no basins reported gains. Total US rig count is down 30 in the last 90 days, and down 37 from this week a year ago. Oil-directed rigs stand at 461 (-4), gas-directed rigs at 99 (+1) and miscellaneous rigs at 3 (+0).
- 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 Declines By Two vs. Week Ago, Falls To 586
US oil and gas rig count declined to 586 for the week ending August 16, a decline of two vs. a week ago according to Baker Hughes. Rigs were added in the All Other group (+2), while the Anadarko (-1), Appalachia (-1), Haynesville (-1) and Permian (-1) all lost rigs. Total US rig count is down 18 in the last 90 days, and down 56 vs. this week a year ago. Oil-directed rigs (-2) declined to 483, while gas-directed rigs (+1) stand at 98 and miscellaneous rigs (-1) at 5.
