U.S. oil and gas rig count gained one rig to 548 for the week ending May 8 according to Baker Hughes data, with little movement across most basins. Rigs were added in the Anadarko (+1) and Permian (+1), the Gulf of Mexico (-1) was the only basin to post a week-on-week decline, and all other basins were unchanged. Oil-directed rigs edged up to 410 (+2) while gas-directed rigs slipped to 129 (-1) and miscellaneous rigs were unchanged at 9. Total U.S. rig count is down three over the last 90 days but remains 29 rigs below this week a year ago, the narrowest year-over-year gap since late January.
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- Analyst Insight
U.S. Rig Count Rebounds Five to 548; Eagle Ford Leads Recovery
U.S. oil and gas rig count gained five rigs to 548 for the week ending April 2 according to Baker Hughes data, published Thursday ahead of the Good Friday holiday, as gains in the Eagle Ford (+3), Haynesville (+1), Niobrara (+1) and Permian (+1) more than offset a one-rig decline in the Bakken.
- Analyst Insight
U.S. Rig Count Edges Up One to 544; Gas Rigs Rebound as Oil-Directed Decline
U.S. oil and gas rig count gained one rig to 544 for the week ending April 24 according to Baker Hughes data, as the Eagle Ford (+1) and Anadarko (+1) each added a rig while Gulf of Mexico shed one; all other basins were unchanged.
- Analyst Insight
U.S. Rig Count Slips Two to 543; Gulf of Mexico Loss Leads Declines
U.S. oil and gas rig count fell by two rigs to 543 for the week ending April 17 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-1) and the Eagle Ford (-1) outweighed gains in All Other (+2).
