US oil and gas producers ended the month of June with a ninth consecutive weekly decline in the rig count, falling to 674 for the week ending June 30 according to Baker Hughes, a decline of 8 vs. a week ago. While the All Other Basins group added rigs (+2), the Haynesville (-5), Eagle Ford (-2), Anadarko (-2) and Bakken (-1) all posted declines. Total US rig count is down 81 in the last 90 days and is down 76 from this same week a year ago.
Featured Articles
- Analyst Insight
US Rig Count Declines for Seventh Consecutive Week, Falls to 687
US Oil and Gas rig count declined for the seventh consecutive week today, declining by 8 rigs from last week to 687 according to Baker Hughes. One rig was added in the Eagle Ford, while the Permian (-4), Anadarko (-2), Appalachia (-1), Gulf of Mexico (-1) and All Other (-1) all lost rigs. Total US rig count is down 67 in the last 90 days, and down 53 vs. this week a year ago.
- Analyst Insight
Rig Count Continues To Slide, Falls Below 650 For First Time Since Early 2022
The slow decline for US oil and gas rig count continued this week, with total rig count at 642 for the week ending August 18, a decline of 12 vs. a week ago according to Baker Hughes. No basins added rigs, while most posted declines including Appalachia (-3), Anadarko (-2), Bakken (-2), Haynesville (-1), Niobrara (-1), Gulf of Mexico (-1) and All Other (-2). Total rig count is down 78 in the past 90 days, and down 120 vs. this week one year ago.
- Analyst Insight
US Rig Count Continues To Fall, Dropping to 682
US Oil and Gas rig count continued to decline this week, falling to 682 rigs for the week ending June 23 according to Baker Hughes.
