US rig count was relatively unchanged for the week ending June 9, falling by one rig vs. a week ago for a total of 695 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+2), while the Permian (-2) and Haynesville (-2) both lost rigs. Total US rig count is down 50 in the last 90 days, and down 38 vs. this week a year ago.
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- Analyst Insight
US Rig Count Down Slightly Led By Anadarko, Permian, Eagle Ford Losses
US oil and gas rig count declined for the third consecutive week, falling to 588 for the week ending June 21 according to Baker Hughes, a decline of two vs. a week ago. Rigs were added in the Haynesville (+1) and Bakken (+1), while the Anadarko (-2), Permian (-1) and Eagle Ford (-1) all lost rigs. Total rig count is down 36 in the last 90 days, and down 94 vs. this week a year ago. Oil-directed rigs stand at 485 (-3), gas-directed rigs at 98, and miscellaneous rigs at 5 (+1).
- Analyst Insight
Rigs Dip For Second Consecutive Week In June
US oil and gas rig count declined for the second consecutive week, falling to 590 for the week ending June 14, a decline of 4 vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), while the Permian (-1), Haynesville (-1), Anadarko (-1), Gulf of Mexico (-1) and All Other (-1) all lost rigs. Total US rig count is down 39 in the last 90 days, and down 97 from this week a year ago. Oil-directed rigs fell to 488 (-4), while gas-directed rigs were flat at 98.
- 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.
