After five consecutive weeks at 589, US oil and gas rig count fell to 584 for the week ending January 10 according to Baker Hughes data, a decline of five. Rigs were added in the Anadarko (+3), while the Eagle Ford (-3), Niobrara (-1) and All Other (-4) all lost rigs. Total US rig count is down two in the last 90 days, and down 35 from this week a year ago. Oil-directed rig count stands at 480 (-2), with gas-directed rig count at 100 (-3) and miscellaneous rigs at four.
Featured Articles
- Analyst Insight
US Rig Count Climbs On Small Gains In Multiple Basins
US oil and gas rig count increased for the second consecutive week, adding four rigs vs. a week ago and climbing to 586 for the week ending February 7 according to Baker Hughes data. Rigs were added in the Haynesville (+2), Eagle Ford (+1), Niobrara (+1), Gulf of Mexico (+1) and All Other (+1), while the Anadarko (-1) was the only basin to post a loss. Total US rig count is up one in the last 90 days and down 37 vs. this week a year ago. Oil-directed rigs climbed to 480 (+1) this week, with gas-directed rigs at 100 (+2) and miscellaneous rigs at 6 (+1).
- Analyst Insight
US Rig Count Down Slightly For Second Consecutive Week
US oil and gas rig count fell for the second consecutive week, dropping two vs. a week ago and falling to 619 for the week ending January 12 according to Baker Hughes. Rigs were added in the Eagle Ford (+3) and Bakken (+2), while the Niobrara (-3), Permian (-2), Haynesville (-1) and Anadarko (-1) all lost rigs. Total US rig count is down 3 in the last 90 days, and down 156 vs. this week a year ago. Oil directed rigs fell by two vs. a week ago, gas directed rigs fell by one, and miscellaneous rigs increased by one.
- Analyst Insight
US Rig Count Drops To 580 On Losses In Bakken, Gas Directed Rigs Fall Below 100
US oil and gas rig count declined for the second consecutive week, falling to 580 for the week ending January 17 - a decline of four vs. a week ago according to Baker Hughes. Rigs additions in the Niobrara (+1) and All Other (+1), were not enough to offset the losses in the Bakken (-4) and Haynesville (-2). Total US rig count is down five in the last 90 days, and down 40 vs. this week a year ago. Gas-directed rigs fell to 98 (-2) for the week, with oil-directed rigs falling to 478 (-2) and miscellaneous rigs steady at four.
