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 Bakken (+1) and Haynesville (+1). Within All Other, the Uinta (-2), Arkoma Woodford (-1), Piceance (-1) and Tuscaloosa Marine Shale (-1) all posted week-on-week declines. Oil-directed rigs declined to 409 (-5) and gas-directed rigs fell to 127 (-4), while miscellaneous rigs were unchanged at 7. Total U.S. rig count is up just one over the last 90 days but remains 49 rigs below this week in 2025.
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- Analyst Insight
U.S. Rig Count Slips Three to 545; Gulf of Mexico Gains Overshadowed by Broad Declines
U.S. oil and gas rig count fell by three rigs to 545 for the week ending April 10 according to Baker Hughes data, as declines in All Other (-3), the Eagle Ford (-2), Anadarko (-1) and the Bakken (-1) outpaced gains in Gulf of Mexico (+3) and Niobrara (+1).
- Analyst Insight
U.S. Rig Count Slips Two to 543; Gulf of Mexico Loss Leads Declines
U.S. oil and gas rig count fell by two rigs to 543 for the week ending April 17 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-1) and the Eagle Ford (-1) outweighed gains in All Other (+2).
- Analyst Insight
U.S. Rig Count Falls Five to 588; Haynesville Pulls Back From Last Week's Multi-Year High
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).
