US oil and gas rig count declined by 6 for the week ending July 21, dropping down to 669 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+1), while the Permian (-4), Eagle Ford (-2), Haynesville (-1) and Niobrara (-1) all lost rigs. Total US rig count is down 84 in the last 90 days, and down 89 vs. this week a year ago. Oil directed rigs fell by seven, while gas directed rigs declined by two and miscellaneous rigs increased by three.
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- Analyst Insight
US Rig Count Down Slightly For Second Consecutive Week
US oil and gas rig count fell for the second consecutive week, dropping two vs. a week ago and falling to 619 for the week ending January 12 according to Baker Hughes. Rigs were added in the Eagle Ford (+3) and Bakken (+2), while the Niobrara (-3), Permian (-2), Haynesville (-1) and Anadarko (-1) all lost rigs. Total US rig count is down 3 in the last 90 days, and down 156 vs. this week a year ago. Oil directed rigs fell by two vs. a week ago, gas directed rigs fell by one, and miscellaneous rigs increased by one.
- 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 Continues Slide Into August, Drops to 659
US oil and gas rig count began the month of August by dropping to 659, a decline of 5 vs. last week according to Baker Hughes. Rigs were added in the Niobrara (+2), Haynesville (+1) and All Other (+1), while the Permian (-5), Eagle Ford (-1), Appalachia (-1), Bakken (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down 89 in the last 90 days, and down 105 from this week a year ago.
