US oil and gas rig count increased for the second consecutive week, adding four rigs vs. a week ago and climbing to 586 for the week ending February 7 according to Baker Hughes data. Rigs were added in the Haynesville (+2), Eagle Ford (+1), Niobrara (+1), Gulf of Mexico (+1) and All Other (+1), while the Anadarko (-1) was the only basin to post a loss. Total US rig count is up one in the last 90 days and down 37 vs. this week a year ago. Oil-directed rigs climbed to 480 (+1) this week, with gas-directed rigs at 100 (+2) and miscellaneous rigs at 6 (+1).
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- 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 Falls To 584 After Four Weeks of No Change
After five consecutive weeks at 589, US oil and gas rig count fell to 584 for the week ending January 10 according to Baker Hughes data, a decline of five. Rigs were added in the Anadarko (+3), while the Eagle Ford (-3), Niobrara (-1) and All Other (-4) all lost rigs. Total US rig count is down two in the last 90 days, and down 35 from this week a year ago. Oil-directed rig count stands at 480 (-2), with gas-directed rig count at 100 (-3) and miscellaneous rigs at four.
- Analyst Insight
US Rig Count Climbs To Highest Level Since June On Gains In Anadarko
US oil and gas rig count climbed to its highest level since June 2024, adding four rigs and climbing to 592 for the week ending February 21 according to Baker Hughes. This week's gains were driven by a significant increase in the Anadarko, which added five rigs, while Appalachia added one rig. The All Other group was the only decline for the week, dropping two vs. last week. Total US rig count is up nine in the last 90 days, and down 34 from this week a year ago. Oil-directed rigs posted a gain of seven for the week, climbing to 488, while gas-directed rigs at 99 (-2) and miscellaneous rigs at 5 (-1) both posted declines.
