US oil and gas rig count climbed to 588 for the week ending August 9, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Niobrara (+3), Permian (+1) and All Other (+1), while the Haynesville (-2) and Gulf of Mexico (-1) both lost rigs. Total rig count is down 15 in the last 90 days, and down 66 from this week a year ago. Oil-directed rigs were up to 485 (+3), while gas-directed rigs were down for the week at 97 (-1) and miscellaneous rigs were unchanged at six.
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- Analyst Insight
US Rig Count Down Slightly Led By Anadarko, Permian, Eagle Ford Losses
US oil and gas rig count declined for the third consecutive week, falling to 588 for the week ending June 21 according to Baker Hughes, a decline of two vs. a week ago. Rigs were added in the Haynesville (+1) and Bakken (+1), while the Anadarko (-2), Permian (-1) and Eagle Ford (-1) all lost rigs. Total rig count is down 36 in the last 90 days, and down 94 vs. this week a year ago. Oil-directed rigs stand at 485 (-3), gas-directed rigs at 98, and miscellaneous rigs at 5 (+1).
- Analyst Insight
Rig Count Climbs To 586, Erasing Last Week's Losses
US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs. Within the All Other group, the Green River, Monterey Shale, Sacramento Basin, and Unita basins each added one rig. Total US rig count is down 33 in the last 90 days, and down 83 vs. this week a year ago. Oil-directed rigs declined this week to 477 (-1), while gas-directed rigs grew to 103 (+3) and miscellaneous rigs were flat at 6.
- Analyst Insight
US Rig Count Posts Small Weekly Decline, Falls To 588
Following last week's gains, US oil and gas rig count fell this week, declining by two rigs vs. a week ago and falling to 588 for the week ending September 20 according to Baker Hughes. One rig was added in the Permian, while the Niobrara, Gulf of Mexico, and All Other each lost one rig. Total US rig count is flat in the last 90 days, and down 42 from this week a year ago. Oil-directed rigs (488) were flat for the week, while gas-directed rigs (96) and miscellaneous rigs (4) both declined by one vs. a week ago.
