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.
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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 Opens September With Small Gain
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.
- Analyst Insight
Another Rough Week For US Rig Count As US Total Declines to 539
US oil and gas rig count opened the month of July with another week-on-week decline, falling to 539 for the week ending July 3, a decline of eight vs. a week ago according to Baker Hughes. The Haynesville (+1) was the only basin to post an increase, while the Permian (-5), Anadarko (-2), Appalachia (-1) and Niobrara (-1) all posted declines. Total US rig count is down 51 in the last 90 days and down 46 vs. this week a year ago. The Haynesville is the only basin where rig count increased in the last 90 days, increasing from 32 rigs in April to 40 this week. Oil-directed US rig count stands at 425 (-7), while gas-directed rig count is also down week-on-week at 108 (-1) and miscellaneous rigs were flat at six.
