US oil and gas rig count fell for the third consecutive week, dropping two rigs from a week ago and falling to 603 for the week ending May 10 according to Baker Hughes. Rigs were added in the Gulf of Mexico (+1) and All Other (+1), while the Permian (-2) and Anadarko (-2) both lost rigs. Total US rig count is down 20 in the last 90 days, and down 128 vs. this week a year ago. Oil-directed rigs declined to 496 (-3) this week, while gas-directed rigs were up slightly at 103 (+1).
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- Analyst Insight
US Rig Count Posts Third Consecutive Decline To Close Month of August
US oil and gas rig count posted it's third consecutive weekly decline, dropping two rigs vs. a week ago and falling to 583 for the week ending August 30 according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1) and Gulf of Mexico (+1), while Appalachia (-2), Permian (-1), Haynesville (-1), Niobrara (-1) and All Other (-1) all lost rigs. Total US rig count is down 17 in the last 90 days, and down 48 from this week a year ago. Oil-directed rigs (483) were flat this week, while gas-directed rigs declined by two to 95.
- Analyst Insight
Rigs Dip For Second Consecutive Week In June
US oil and gas rig count declined for the second consecutive week, falling to 590 for the week ending June 14, a decline of 4 vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), while the Permian (-1), Haynesville (-1), Anadarko (-1), Gulf of Mexico (-1) and All Other (-1) all lost rigs. Total US rig count is down 39 in the last 90 days, and down 97 from this week a year ago. Oil-directed rigs fell to 488 (-4), while gas-directed rigs were flat at 98.
- Analyst Insight
US Rig Count Down Slightly For Second Consecutive Week
US oil and gas rig count fell for the second consecutive week, dropping two vs. a week ago and falling to 619 for the week ending January 12 according to Baker Hughes. Rigs were added in the Eagle Ford (+3) and Bakken (+2), while the Niobrara (-3), Permian (-2), Haynesville (-1) and Anadarko (-1) all lost rigs. Total US rig count is down 3 in the last 90 days, and down 156 vs. this week a year ago. Oil directed rigs fell by two vs. a week ago, gas directed rigs fell by one, and miscellaneous rigs increased by one.
