US Oil and Gas rig count began the month of September with a small decline, falling by 1 vs. a week ago to 631 for the week ending September 1 according to Baker Hughes. Rigs were added in the Anadarko (+1), Niobrara (+1) and Gulf of Mexico (+1), while the Eagle Ford (-2), Appalachia (-1) and Permian (-1) all lost rigs. Total rig count is down 65 in the last 90 days, and down 129 vs. this week a year ago. Oil rigs this week were flat at 512, while gas rigs declined by one down to 114.
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- Analyst Insight
Permian Basin Leads Decline In US Rig Count
The Permian Basin led this week's decline in oil and gas rig count with total US rigs falling to 632, a decline of 10 vs. a week ago according to Baker Hughes.
- Analyst Insight
US Rig Count Posts Third Consecutive Decline To Close Month of August
US oil and gas rig count posted it's third consecutive weekly decline, dropping two rigs vs. a week ago and falling to 583 for the week ending August 30 according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1) and Gulf of Mexico (+1), while Appalachia (-2), Permian (-1), Haynesville (-1), Niobrara (-1) and All Other (-1) all lost rigs. Total US rig count is down 17 in the last 90 days, and down 48 from this week a year ago. Oil-directed rigs (483) were flat this week, while gas-directed rigs declined by two to 95.
- Analyst Insight
US Rig Count Continues To Stagnate, Remains at 621 Rigs
US oil and gas rig count continues to be stagnant, with total US rigs at 621 for the week ending January 26 according to Baker Hughes, a gain of one vs. a week ago. Rigs were added in the Permian (+3) and Niobrara (+1), while the Eagle Ford (-1), Haynesville (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down four in the last 90 days, and down 150 vs. this week a year ago.
