US oil and gas rig count fell to 616 for the week ending November 10 according to Baker Hughes, down two vs. a week ago. The Anadarko (+1) was the only basin to add rigs vs. last week, while the Haynesville (-1) and Gulf of Mexico (-2) both lost rigs. Total rig count is down 38 in the last 90 days, and down 163 vs. this week a year ago. Oil directed rigs were down two vs. last week, while gas directed rigs and miscellaneous rigs were flat.
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- Analyst Insight
US Rig Count Up Slightly to 604 On Gains In Anadarko
US oil and gas rig count was up slightly to 604 for the week ending May 16, up one vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2) and Eagle Ford (-1) both lost rigs. Total rig count is down 17 in the last 90 days, and down 116 from this week a year ago. Oil-directed rigs were up one vs. a week ago to 497, while gas-directed rigs were flat at 103 and miscellaneous rigs were flat at four.
- Analyst Insight
Permian Basin Leads Decline In US Rig Count
The Permian Basin led this week's decline in oil and gas rig count with total US rigs falling to 632, a decline of 10 vs. a week ago according to Baker Hughes.
- Analyst Insight
Slow Week For US Rig Count, Declining by One vs. Week Ago & Falling to 585
US oil and gas rig count showed little movement for the week ending October 18, declining by one vs. a week ago and falling to 585 according to Baker Hughes. Rigs were added in the Anadarko (+1), while the Haynesville (-1) and All Other (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 39 vs. this week a year ago. Oil-directed rigs climbed to 482 (+1) this week, while gas-directed rigs fell to 99 (-2) and miscellaneous rigs were flat at four.
