US oil and gas rig count added two rigs vs. a week ago to climb to 548 for the week ending November 7 according to Baker Hughes. Rigs were added in the Haynesville (+1), Gulf of Mexico (+1) and All Other (+4), while the Eagle Ford (-2), Anadarko (-1) and Niobrara (-1) all lost rigs. Total US rig count is up 9 in the last 90 days, and down 37 from this week a year ago. Oil-directed rigs were flat this week at 414, with gas-directed rigs climbing to 128 (+3) and miscellaneous rigs down to 6 (-1).
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- Analyst Insight
U.S. Rig Count Climbs To 554 On Gains In Niobrara
U.S. rig count climbed higher for the week ending November 21, adding five rigs. vs a week ago for a total of 554 according to Baker Hughes data. Rigs were added in the Niobrara (+3), Permian (+1), Anadarko (+1) and Appalachia (+1), while the All Other group (-1) was the only weekly decline. Total U.S. rig count is up 15 in the last 90 days and down 30 from this week a year ago. Oil-directed rigs (419, +2), gas-directed rigs (127, +2) and miscellaneous rigs (8, +1) all posted gains for the week.
- Analyst Insight
U.S. Rig Count Up Slightly On Permian Gains
U.S. Oil and Gas rig count was up slightly for the week ending November 14, climbing by one vs. a week ago to 549 according to Baker Hughes data. Rigs were added in the Permian (+2) and All Other (+1), while the Anadarko (-1) and Bakken (-1) lost rigs. Total rig count is up 10 in the last 90 days, and down 35 from this week a year ago. Oil-directed rigs climbed to 417 (+3) on the week, with gas-directed rigs dropping to 125 (-3) and miscellaneous rigs up to 7 (+1).
- Analyst Insight
US Oil & Gas Rig Count Falls Slightly In Last Week of October
US oil and gas rig count fell to close out the last week of the month, declining by four rigs vs. a week ago to 546 for the week ending October 31 according to Baker Hughes data. Rigs were added in the Permian (+1) and All Other (+1), while the Niobrara (-3), Haynesville (-2) and Gulf of Mexico (-1) all lost rigs. Total US rig count is up six in the last 90 days and down 39 from this week a year ago. Oil-directed rigs fell to 414 (-6) this week, with gas-directed rigs climbing to 125 (+4) and miscellaneous rigs falling to 7 (-2).
