US oil and gas rig count declined for the week ending July 25, closing the month of July with a decrease of two rigs to 542 according to Baker Hughes data. Rigs were added in the Appalachia (+1), Gulf of Mexico (+1) and All Other (+1) basins, while the Permian (-3), Eagle Ford (-1) and Niobrara (-1) all declined for the week. Total US rig count is down 45 in the last 90 days, and down 47 from this week a year ago. Oil-directed rigs fell to 415 (-7) this week, with gas-directed rigs growing to 122 (+5) and miscellaneous rigs flat at five.
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- 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 Jumps By Seven Rigs For Largest Gain Since July
US oil and gas rig count climbed to 549 rigs for the week ending September 26, an increase of seven rigs vs. a week ago and the largest gain since July according to Baker Hughes data. Rigs were added in the Eagle Ford (+4), Appalachia (+1) and All Other (+5), while the Permian (-1), Haynesville (-1) and Gulf of Mexico (-1) all declined vs. a week ago. Within the All Other group, notable moves were the Texas Gulf Coast (+2), State Offshore (+2) and Granite Wash (+1). Total US rig count is up two in the last 90 days, but down 38 from this week a year ago. Oil-directed rigs climed to 424 (+6) on the week, with gas-directed rigs falling to 117 (-1) and miscellaneous rigs up to 8 (+2).
- Analyst Insight
US Oil and Gas Rig Count Posts Small Increase as Total Count Climbs to 542
US oil and gas rig count posted another small increase this week, marking its third consecutive week of gains. Rig count for the week ending September 19 climbed by three rigs vs a week ago to reach 542 according to Baker Hughes data. Two rigs each were added in the Niobrara and All Other, while the Permian lost one rig. Total US rig count is down 12 in the last 90 days, and down 46 vs. this week a year ago. Oil-directed rig count rose to 418 (+2) this week, with gas-directed rig count flat at 118 and miscellaneous rigs up to 6 (+1).
