US oil and gas rig count continued to hold its course, dropping two rigs vs. a week ago and falling to 621 for the week ending February 16 according to Baker Hughes. Rigs were added in All Other (+1), while the Gulf of Mexico (-2) and Permian (-1) both lost rigs. Total US rig count is up three in the last 90 days, and down 139 vs. this week a year ago. Oil rigs declined by two this week to 497, while gas-directed rigs (121) and miscellaneous rigs (3) were flat.
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- Analyst Insight
Another Uneventful Week For US Rigs As Count Falls Slightly To 621
It was another uneventful week for US oil and gas rig count, with total rig count falling to 621 for the week ending March 29, a decline of three vs. a week ago according to Baker Hughes. One rig was added in the Permian (+1), while the Gulf of Mexico (-3) and Niobrara (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 134 vs. this week a year ago. Oil directed rig count (-3) was down to 506 this week, while gas directed rigs (112) and miscellaneous rigs (3) both held flat.
- Analyst Insight
US Rig Count Up Slightly to 604 On Gains In Anadarko
US oil and gas rig count was up slightly to 604 for the week ending May 16, up one vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2) and Eagle Ford (-1) both lost rigs. Total rig count is down 17 in the last 90 days, and down 116 from this week a year ago. Oil-directed rigs were up one vs. a week ago to 497, while gas-directed rigs were flat at 103 and miscellaneous rigs were flat at four.
- Analyst Insight
US Rig Count Continues Downward Trend To Begin October, Even As Gas Rigs Climb Back Past 100
US oil and gas rig count continued last weeks downward trend falling to 585 for the week ending October 4, a decline of two. vs. a week ago according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1) and Niobrara (+1), while the Permian (-2), Anadarko (-2) and Gulf of Mexico (-1) all lost rigs. Total US rig count is flat vs. 90 days ago, and down 34 vs. this week a year ago. Gas-directed rigs climbed by three this week to 102 on rising prices and the beginning of higher winter demand, the first time they have exceeded 100 since late July. Oil-directed rigs (479) declined by five for the week and miscellaneous rigs (4) were flat.
