U.S. oil and gas rig count fell by five rigs to 588 for the week ending August 21 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-2), the Niobrara (-1) and All Other (-3) overwhelmed gains in Permian (+2) and the Eagle Ford (+1). Oil-directed rigs declined to 452 (-3) and gas-directed rigs slipped to 127 (-1), while miscellaneous rigs declined to 9 (-1). Total U.S. rig count is up 30 over the last 90 days and now stands 50 rigs above this week in 2025.
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- Analyst Insight
U.S. Rig Count Unchanged at 588; Gas Rigs Approach February High as Oil Retreats
U.S. oil and gas rig count was unchanged at 588 for the week ending August 28 according to Baker Hughes data, as one-rig gains in the Haynesville and All Other were offset by one-rig declines in Appalachia and the Gulf of Mexico.
- 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.
- Analyst Insight
U.S. Rig Count Falls Nine to 543; Broad Declines Sweep Most Basins
U.S. oil and gas rig count fell by nine rigs to 543 for the week ending March 27 according to Baker Hughes data, its largest weekly decline since Thanksgiving, as widespread declines in All Other (-5), Appalachia (-2), Permian (-2), Anadarko (-1) and Gulf of Mexico (-1) overwhelmed gains in the Bak
