US oil and gas rig count declined for the seventh consecutive week, falling to 555 for the week ending June 13 according to Baker Hughes data. Rigs declined week-on-week in the Permian (-2), Anadarko (-1) and All Other (-1), while no basins posted gains. Total US rig count is down 37 in the last 90 days, and down 35 vs. this week a year ago. Oil-directed rigs (439, -3) and gas-directed rigs (113, -1) both declined vs. a week ago, while miscellaneous rigs were unchanged (3).
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- Analyst Insight
Rig Count Gains In Niobrara Aren't Enough To Offset Losses In Permian, Anadarko
US oil and gas rig count declined for the eighth consecutive week, falling to 554 for the week ending June 20 - a decline of one vs. a week ago according to Baker Hughes data. Rigs were added in the Niobrara (+3), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2), Anadarko (-2) and All Other (-2) all posted week-on-week declines. Total US rig count is down 39 in the last 90 days, and down 34 from this week a year ago. Oil-directed rigs declined to 438 (-1) on the week, while gas-directed rigs fell to 111 (-2) and miscellaneous rigs grew to 5 (+2).
- Analyst Insight
Led By Declines In Niobrara, US Rig Count Declines For The Ninth Consecutive Week
US oil and gas rig count continued its multi-month slide, with total rig count falling by seven rigs to 547 for the week ending June 27 according to Baker Hughes data. Rigs declined in the Niobrara (-3), Permian (-1), Anadarko (-1) and All Other (-2), while no basins reported gains. Total US rig count is down 45 in the last 90 days, and down 34 vs. this week a year ago. Oil-directed rigs fell to 432 (-6) on the week, with gas-directed rigs falling to 109 (-2) and miscellaneous rigs increasing to six (+1).
- Analyst Insight
US Rig Count Declines To 578 Led By Losses In Permian, Gulf of Mexico
US oil and gas rig count declined to 578 for the week ending May 9, a decline of six vs a week ago according to Baker Hughes. The Gulf of Mexico (-2), Permian (-2), Niobrara (-1) and All Other (-1) all posted declines, while no basins reported gains. Total US rig count is down nine in the last 90 days, and down 26 from this week a year ago. Oil-directed rigs stand at 474 and declined by five this week, while gas-directed rigs were unchanged at 101 and miscellaneous rigs declined by one to three rigs.
