U.S. oil and gas rig count climbed five rigs to 603 for the week ending October 9 according to Baker Hughes data, crossing the 600-rig mark for the first time since May 2024. A four-rig gain in Permian paced advances in Gulf of Mexico (+2) and the Eagle Ford (+1), outweighing declines in Haynesville (-1) and Anadarko (-1). Oil-directed rigs climbed to 462 (+6) while gas-directed rigs edged down to 132 (-1) and miscellaneous rigs were unchanged at 9. Total U.S. rig count is up 22 over the last 90 days and now stands 54 rigs above this week in 2025.
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- Analyst Insight
U.S. Rig Count Unchanged at 603; Uinta Gains Offset Permian, Haynesville Declines
U.S. oil and gas rig count was unchanged at 603 for the week ending October 16 according to Baker Hughes data, holding above 600 for a second consecutive week.
- Analyst Insight
U.S. Rig Count Down One to 598; Gas Rigs Pull Back From Last Week's High
U.S. oil and gas rig count fell by one rig to 598 for the week ending October 2 according to Baker Hughes data, as declines in the Eagle Ford (-2) and Haynesville (-1) outweighed gains in Gulf of Mexico (+1) and the Niobrara (+1).
