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.
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- Analyst Insight
US Rig Count Continues To Fall, Dropping to 682
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.
- 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.
- Analyst Insight
US Rig Count Continues Downward Trend To Begin October, Even As Gas Rigs Climb Back Past 100
US oil and gas rig count continued last weeks downward trend falling to 585 for the week ending October 4, a decline of two. vs. a week ago according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1) and Niobrara (+1), while the Permian (-2), Anadarko (-2) and Gulf of Mexico (-1) all lost rigs. Total US rig count is flat vs. 90 days ago, and down 34 vs. this week a year ago. Gas-directed rigs climbed by three this week to 102 on rising prices and the beginning of higher winter demand, the first time they have exceeded 100 since late July. Oil-directed rigs (479) declined by five for the week and miscellaneous rigs (4) were flat.
