US oil and gas rig count was down slightly to open the month, as total rigs dipped to 582 for the week ending September 6, a loss of one vs. a week ago according to Baker Hughes. Rigs were added in the Permian (+1), while the Anadarko (-1) and Niobrara (-1) both lost rigs. Total US rig count is down 12 in the last 90 days, and down 50 from this week a year ago. Oil-directed rigs (483) and miscellaneous rigs (5) were flat for the week, while gas-directed rigs declined by one (94).
Featured Articles
- Analyst Insight
US Rig Count Posts Third Consecutive Decline To Close Month of August
US oil and gas rig count posted it's third consecutive weekly decline, dropping two rigs vs. a week ago and falling to 583 for the week ending August 30 according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1) and Gulf of Mexico (+1), while Appalachia (-2), Permian (-1), Haynesville (-1), Niobrara (-1) and All Other (-1) all lost rigs. Total US rig count is down 17 in the last 90 days, and down 48 from this week a year ago. Oil-directed rigs (483) were flat this week, while gas-directed rigs declined by two to 95.
- Analyst Insight
US Rig Count Posts Small Weekly Decline, Falls To 588
Following last week's gains, US oil and gas rig count fell this week, declining by two rigs vs. a week ago and falling to 588 for the week ending September 20 according to Baker Hughes. One rig was added in the Permian, while the Niobrara, Gulf of Mexico, and All Other each lost one rig. Total US rig count is flat in the last 90 days, and down 42 from this week a year ago. Oil-directed rigs (488) were flat for the week, while gas-directed rigs (96) and miscellaneous rigs (4) both declined by one vs. a week ago.
- 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.
