U.S. oil and gas rig count fell by one rig to 598 for the week ending October 2 according to Baker Hughes data, as declines in the Eagle Ford (-2) and Haynesville (-1) outweighed gains in Gulf of Mexico (+1) and the Niobrara (+1). Despite the overall decline, oil-directed rigs edged up to 456 (+1) while gas-directed rigs slipped to 133 (-2) and miscellaneous rigs were unchanged at 9. Total U.S. rig count is up 18 over the last 90 days and now stands 49 rigs above this week in 2025.
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- Analyst Insight
U.S. Rig Count Adds Five Rigs, Tops 600 for First Time in Over Two Years
U.S. oil and gas rig count climbed five rigs to 603 for the week ending October 9 according to Baker Hughes data, crossing the 600-rig mark for the first time since May 2024.
- Analyst Insight
U.S. Rig Count Up Four to 599; Gas Rigs Climb to Highest Level Since July 2023
U.S. oil and gas rig count gained four rigs to 599 for the week ending September 25 according to Baker Hughes data, as gains in Anadarko (+1), Gulf of Mexico (+1), Permian (+1) and All Other (+2) eclipsed a one-rig decline in the Eagle Ford.
- Analyst Insight
U.S. Rig Count Down One to 587; Gas Rigs Climb while Oil Rigs Retreat
U.S. oil and gas rig count fell by one rig to 587 for the week ending July 24 according to Baker Hughes data, as declines in Gulf of Mexico (-1), Permian (-1) and All Other (-1) outweighed gains in Haynesville (+1) and Niobrara (+1).
