US oil and gas rig count posted a slight decline to open the year, falling by one rig vs. last week to a total of 621 for the week ending January 5, according to Baker Hughes. Rigs were added in the Permian (+2), while the Haynesville (-2) and Niobrara (-1) both lost rigs. Rig count has been essentially flat for the last three months, falling in the 620-625 range for most of the last quarter. Levels are well below last year's numbers however, with rig count down 151 rigs (about 20%) year on year.
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- Analyst Insight
US Rig Count Continues To Stagnate, Remains at 621 Rigs
US oil and gas rig count continues to be stagnant, with total US rigs at 621 for the week ending January 26 according to Baker Hughes, a gain of one vs. a week ago. Rigs were added in the Permian (+3) and Niobrara (+1), while the Eagle Ford (-1), Haynesville (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down four in the last 90 days, and down 150 vs. this week a year ago.
- Analyst Insight
EIA Reports Record US Crude Production As US Rig Count Begins November With Another Decline
US oil and gas rig count posted a weekly decline to open the month, falling by 7 vs. a week ago to 618 for the week ending November 3 according to Baker Hughes. Rigs were added in Appalachia (+1) and All Other (+2), while the Permian (-3), Gulf of Mexico (-3), Haynesville (-1), Anadarko (-1), Bakken (-1) and Niobrara (-1) all lost rigs. Total US rig count is down 41 in the last 90 days, and down 152 vs. this week a year ago.
- Analyst Insight
Another Uneventful Week For US Rigs As Count Falls Slightly To 621
It was another uneventful week for US oil and gas rig count, with total rig count falling to 621 for the week ending March 29, a decline of three vs. a week ago according to Baker Hughes. One rig was added in the Permian (+1), while the Gulf of Mexico (-3) and Niobrara (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 134 vs. this week a year ago. Oil directed rig count (-3) was down to 506 this week, while gas directed rigs (112) and miscellaneous rigs (3) both held flat.
