US oil and gas rig count declined to 547 for the week ending October 10 according to Baker Hughes data, a decline of two vs. a week ago. The Haynesville (+2), Bakken (+1) and All Other (+1) all added rigs vs. last week, while the Anadarko (-3), Eagle Ford (-1), Niobrara (-1) and Permian (-1) all saw declines. With this week's gains, the Haynesville became the only major basin with a double digit increase in rigs vs. a year ago. Total US rig count is up 10 in the last 90 days, and down 39 from this week last year. Oil-directed rig count this week fell to 418 (-4), with gas-directed rigs up to 120 (+2) and miscellaneous rigs flat at 9.
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- Analyst Insight
US Rig Count Makes Small Gain Led By Gulf of Mexico
US oil and gas rig count posted a small gain this week led by gains in the Gulf of Mexico. Total rig count climbed to 550 for the week ending October 24 according to Baker Hughes data, a gain of two vs. a week ago.
- Analyst Insight
US Oil & Gas Rig Count Falls Slightly In Last Week of October
US oil and gas rig count fell to close out the last week of the month, declining by four rigs vs. a week ago to 546 for the week ending October 31 according to Baker Hughes data. Rigs were added in the Permian (+1) and All Other (+1), while the Niobrara (-3), Haynesville (-2) and Gulf of Mexico (-1) all lost rigs. Total US rig count is up six in the last 90 days and down 39 from this week a year ago. Oil-directed rigs fell to 414 (-6) this week, with gas-directed rigs climbing to 125 (+4) and miscellaneous rigs falling to 7 (-2).
- Analyst Insight
U.S. Rig Count Slips One to 552; Oil Rigs Climb as Gas Extends Retreat
U.S. oil and gas rig count fell by one rig to 552 for the week ending March 20 according to Baker Hughes data, as declines in All Other (-4), Niobrara (-3) and Eagle Ford (-1) outweighed gains in the Bakken (+3), Anadarko (+2) and Permian (+2).
