US oil and gas rig count fell for the sixth consecutive week, falling to 559 for the week ending June 6 according to Baker Hughes data, a decline of four vs. a week ago. Rigs were added in the Haynesville (+2), while the Permian (-3), Anadarko (-2) and Eagle Ford (-1) all posted declines. Total US rig count is down 33 in the last 90 days, and down 35 vs. this week a year ago. Oil-directed rigs fell to 442 (-9) this week, while gas-directed rigs increased to 114 (+5) and miscellaneous rigs were flat at three.
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- Analyst Insight
Rig Count Gains In Niobrara Aren't Enough To Offset Losses In Permian, Anadarko
US oil and gas rig count declined for the eighth consecutive week, falling to 554 for the week ending June 20 - a decline of one vs. a week ago according to Baker Hughes data. Rigs were added in the Niobrara (+3), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2), Anadarko (-2) and All Other (-2) all posted week-on-week declines. Total US rig count is down 39 in the last 90 days, and down 34 from this week a year ago. Oil-directed rigs declined to 438 (-1) on the week, while gas-directed rigs fell to 111 (-2) and miscellaneous rigs grew to 5 (+2).
- Analyst Insight
Another Rough Week For US Rig Count As US Total Declines to 539
US oil and gas rig count opened the month of July with another week-on-week decline, falling to 539 for the week ending July 3, a decline of eight vs. a week ago according to Baker Hughes. The Haynesville (+1) was the only basin to post an increase, while the Permian (-5), Anadarko (-2), Appalachia (-1) and Niobrara (-1) all posted declines. Total US rig count is down 51 in the last 90 days and down 46 vs. this week a year ago. The Haynesville is the only basin where rig count increased in the last 90 days, increasing from 32 rigs in April to 40 this week. Oil-directed US rig count stands at 425 (-7), while gas-directed rig count is also down week-on-week at 108 (-1) and miscellaneous rigs were flat at six.
- Analyst Insight
US Oil and Gas Rig Count Unchanged at 539, Haynesville Climbs to Highest Level in 18 Months
US oil and gas rig count was unchanged at 539 for the week ending August 15 according to Baker Hughes. Rigs were added in the Haynesville (+2) and Eagle Ford (+1), while the Permian (-1) and All Other (-2) both posted weekly declines. The Haynesville climbed to 45 rigs this week, its highest since February of 2024. Total US rig count is down 36 in the last 90 days, and down 47 vs. this week a year ago. Oil-directed rigs climbed to 412 (+1) this week, with gas-directed rigs falling to 122 (-1) and miscellaneous rigs flat at five.
