US oil and gas rig count fell to 613 for the week ending April 26, a decline of six vs. last week according to Baker Hughes. This marks the lowest level for the US rig count since February 2022. Rig count declined in the Gulf of Mexico (-3), Permian (-1), Appalachia (-1) and Niobrara (-1), while no basins posted gains. Total rig count is down eight in the last 90 days, and down 142 from the same week a year ago. Oil-directed rigs at 506 (-5) led this week's losses, while gas-directed rigs 105 (-1) fared slightly better.
Featured Articles
- Analyst Insight
Rig Count Continues To Slide, Falls Below 650 For First Time Since Early 2022
The slow decline for US oil and gas rig count continued this week, with total rig count at 642 for the week ending August 18, a decline of 12 vs. a week ago according to Baker Hughes. No basins added rigs, while most posted declines including Appalachia (-3), Anadarko (-2), Bakken (-2), Haynesville (-1), Niobrara (-1), Gulf of Mexico (-1) and All Other (-2). Total rig count is down 78 in the past 90 days, and down 120 vs. this week one year ago.
- 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.
- Analyst Insight
US Rig Count Declines To 578 Led By Losses In Permian, Gulf of Mexico
US oil and gas rig count declined to 578 for the week ending May 9, a decline of six vs a week ago according to Baker Hughes. The Gulf of Mexico (-2), Permian (-2), Niobrara (-1) and All Other (-1) all posted declines, while no basins reported gains. Total US rig count is down nine in the last 90 days, and down 26 from this week a year ago. Oil-directed rigs stand at 474 and declined by five this week, while gas-directed rigs were unchanged at 101 and miscellaneous rigs declined by one to three rigs.
