US oil and gas rig count declined to 581 for the week ending June 28, a decline of seven vs. a week ago according to Baker Hughes. The Permian (-3), Eagle Ford (-3) and Anadarko (-2) all lost rigs, while the All Other group (+1) was the only basin to gain rigs. Total US rig count is down 40 in the last 90 days, and down 93 vs. this week a year ago. Oil-directed rigs fell to 479 (-6), while gas-directed rigs fell to 97 (-1).
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- 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 Declines by 6 to 669 led by losses in Permian, Eagle Ford
US oil and gas rig count declined by 6 for the week ending July 21, dropping down to 669 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+1), while the Permian (-4), Eagle Ford (-2), Haynesville (-1) and Niobrara (-1) all lost rigs. Total US rig count is down 84 in the last 90 days, and down 89 vs. this week a year ago.
- Analyst Insight
Rig Count Climbs To 586, Erasing Last Week's Losses
US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs. Within the All Other group, the Green River, Monterey Shale, Sacramento Basin, and Unita basins each added one rig. Total US rig count is down 33 in the last 90 days, and down 83 vs. this week a year ago. Oil-directed rigs declined this week to 477 (-1), while gas-directed rigs grew to 103 (+3) and miscellaneous rigs were flat at 6.
