US Oil and Gas rig count continued to decline this week, falling to 682 rigs for the week ending June 23 according to Baker Hughes. This marks a weekly decline of 5 vs. last week's numbers, with oil directed rig count down 5, and gas directed rig count flat. The Eagle Ford added one rig, while the Haynesville (-2), Bakken (-1), Gulf of Mexico (-1), Permian (-1) and All Other (-1) each posted weekly declines.
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- Analyst Insight
US Rig Count Declines for Seventh Consecutive Week, Falls to 687
US Oil and Gas rig count declined for the seventh consecutive week today, declining by 8 rigs from last week to 687 according to Baker Hughes. One rig was added in the Eagle Ford, while the Permian (-4), Anadarko (-2), Appalachia (-1), Gulf of Mexico (-1) and All Other (-1) all lost rigs. Total US rig count is down 67 in the last 90 days, and down 53 vs. this week a year ago.
- 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 Ends June With Ninth Consecutive Decline - Falling To 674
US oil and gas producers ended the month of June with a ninth consecutive weekly decline in the rig count, falling to 674 for the week ending June 30 according to Baker Hughes, a decline of 8 vs. a week ago. While the All Other Basins group added rigs (+2), the Haynesville (-5), Eagle Ford (-2), Anadarko (-2) and Bakken (-1) all posted declines. Total US rig count is down 81 in the last 90 days and is down 76 from this same week a year ago.
