US oil and gas rig count opened the new month with a small gain, adding one rig vs. a week ago and climbing to 537 for the week ending September 5 according to Baker Hughes. Rigs were added in the Haynesville (+1) and All Other (+1), while the Permian (-1) was the only basin to post a decline. Total US rig count is down 22 in the last 90 days, and down 45 from this week a year ago. Oil-directed rig count climbed to 414 (+2) this week, with gas-directed rigs falling to 118 (-1) and miscellaneous rigs unchanged at 5.
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- Analyst Insight
US Rig Count Climbs To 539 On Gains In Eagle Ford, Appalachia
US oil and gas rig count climbed to 539 for the week ending September 12 according to Baker Hughes data, a gain of two rigs vs. a week ago. Rigs were added in the Eagle Ford (+2) and Appalachia (+1), while the Anadarko (-1) was the only basin to decline. Total rig count is down 16 in the last 90 days, and down 51 from this week a year ago. Oil-directed rigs climbed to 416 on the week, a gain of two vs. a week ago, while gas-directed rigs at 118 and miscellaneous rigs at five were unchanged from a week ago.
- 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.
- 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.
