US oil and gas rig count declined to 624 for the week ending March 22 according to Baker Hughes data, declining by five and giving back most of the gains from last week. Rigs were added in the All Other (+2) group, while the Haynesville (-4), Permian (-1), Appalachia (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is up four in the last 90 days, but down 134 from this week a year ago. Both gas directed rigs (-4) and oil directed rigs (-1) contributed to the decline.
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- Analyst Insight
US Rigs Up Slightly On Gains In Permian, Gulf of Mexico
US oil and gas rig count was up slightly for the week ending April 19 according to Baker Hughes data climbing to 619, an increase of two vs. a week ago. Rigs were added in the Permian (+2), Anadarko (+1) and Gulf of Mexico (+1), while Appalachia (-1) and All Other (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 134 from this week a year ago. Oil directed rigs were up five this week to 511, while gas directed rigs were down three to 106.
- Analyst Insight
Rig Count Slips To 622 After Two Weeks Of Gains
US oil and gas rig count fell to 622 for the week ending March 8 according to Baker Hughes, declining by seven vs. last week after two consecutive weeks of gains. The Haynesville (-3), Permian (-2) and All Other (-2) all lost rigs, while no basins reported gains. Total US rig count is down four in the last 90 days, and down 123 vs. this week a year ago. Oil directed rigs (-2), gas directed rigs (-4) and miscellaneous rigs (-1) all contributed to this weeks decline.
- Analyst Insight
US Rig Count Ends Skid, Climbs To 680
US oil and gas rig count climbed to 680 for the week ending July 7 according to Baker Hughes, the first weekly gain since April 28. Rigs were added in the Haynesville (+2), Permian (+1), Gulf of Mexico (+1) and All Other (+3), while the Eagle Ford (-1) lost one rig. Total rig count is down 71 in the past 90 days, and down 72 vs. this week a year ago.
