U.S. Rig Count Edges Up One to 604; Haynesville Leads as Gulf of Mexico Slips

U.S. oil and gas rig count edged up one rig to 604 for the week ending November 6 according to Baker Hughes data, extending its run above 600 to a fifth straight week, as gains in Haynesville (+2), Permian (+1) and All Other (+1) outweighed declines in Gulf of Mexico (-2) and the Bakken (-1). Oil-directed rigs rose to 463 (+1) and gas-directed rigs climbed to 131 (+1), while miscellaneous rigs declined to 10 (-1). Total U.S. rig count is up 16 over the last 90 days and now stands 58 rigs above this week last year.