U.S. oil and gas rig count edged up one rig to 588 for the week ending July 31 according to Baker Hughes data, as gains in Permian (+2) and Gulf of Mexico (+1) more than offset declines in the Niobrara (-1) and All Other (-1). Oil-directed rigs edged up to 451 (+1) while gas-directed rigs were unchanged at 127 and miscellaneous rigs were unchanged at 10. Total U.S. rig count is up 41 over the last 90 days and now stands 48 rigs above this week in 2025.
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- Analyst Insight
U.S. Rig Count Unchanged at 588; Permian Gains Offset by Other Declines
U.S. oil and gas rig count was unchanged at 588 for the week ending August 7 according to Baker Hughes data, as a three-rig gain in Permian and a one-rig gain in Gulf of Mexico were offset by a one-rig decline in Appalachia and a three-rig decline in All Other.
- 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).
- Analyst Insight
U.S. Rig Count Unchanged for Second Straight Week at 588; Permian and Niobrara Offset Gulf and Appalachia
U.S. oil and gas rig count was unchanged for the second consecutive week, holding at 588 for the week ending September 4 according to Baker Hughes data, as one-rig gains in the Permian and Niobrara were matched by one-rig declines in Appalachia and the Gulf of Mexico.
