In another relatively slow week, total U.S. rig count fell to 543, a decline of one vs. a week ago according to Baker Hughes data for the week ending January 16. One rig was lost in the All Other (-1) group, while all major basins were unchanged for the week. Total US rig count is down four in the last 90 days, and down 41 vs. this week a year ago. Oil-directed rigs grew to 410 (+1) on the week, with gas-directed rigs falling to 122 (-2) and miscellaneous rigs unchanged at 11.
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- Analyst Insight
U.S. Rig Count Reverses Last Week's Loss, Climbs To 544
U.S. oil and gas rig count erased last week's decline, climbing by one rig back to 544 for the week ending January 23 according to Baker Hughes. The Niobrara (+3) was the only basin to add rigs, while the Gulf of Mexico (-1) and All Other (-1) both posted declines. Total rig count is down four in the last 90 days, and down 36 vs. this week a year ago. Oil-directed rigs increased to 411 (+1) this week, with gas-directed and miscellaneous rigs both unchanged at 122 and 11 respectively.
- Analyst Insight
U.S. Rig Count Declines To Begin 2026, Down 45 From Year Ago
U.S. oil and gas rig count began the new year with a small decline, falling by two rigs to 544 for the week ending January 9 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+3), while the Permian (-3), Haynesville (-1), Bakken (-1) and Niobrara (-1) all saw declines. Total rig count is down five in the last 90 days, and down 45 from this week a year ago. Oil-directed rigs stand at 409 (-3) this week, with gas-directed rigs at 124 (-1) and miscellaneous rigs at 11 (+2).
- Analyst Insight
U.S. Rig Count Slips Two to 543; Gulf of Mexico Loss Leads Declines
U.S. oil and gas rig count fell by two rigs to 543 for the week ending April 17 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-1) and the Eagle Ford (-1) outweighed gains in All Other (+2).
