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 (unchanged), and miscellaneous rigs at 5 (+1).
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- Analyst Insight
US Rig Count Up For Third Consecutive Week, Climbs To 588
US oil and gas rig count posted its third consecutive weekly increase, adding two rigs and climbing to 588 for the week ending February 14 according to Baker Hughes. Rigs were added in the Permian (+1, Anadarko (+1) and All Other (+1) while the Bakken (-1) was the only basin to post a decline. Total US rig count is up four in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs stand at 481 (+1), gas-directed rigs stand at 101 (+1), while miscellaneous rigs were unchanged this week at six.
- 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
Rig Count Unchanged for Second Consecutive Week, Holding at 585
US oil and gas rig count was unchanged for the second consecutive week, maintaining 585 rigs for the week ending November 1 according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1), Bakken (+1) and All Other (+1), while the Eagle Ford (-2), Permian (-1) and Anadarko (-1) all posted losses. Total US rig count is down one in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs declined to 479 (-1), while gas-directed rigs grew to 102 (+1) and miscellaneous rigs held flat at four.
