US Oil and Gas rig count increased for the second week, climbing two rigs to reach a total of 755 according to Baker Hughes data for the week ending April 28. Rigs were added in the Permian (+3), Appalachia (+2), Gulf of Mexico (+1) and All other (+2), while the Anadarko (-3), Eagle Ford (-1), Haynesville (-1) and Bakken (-1) all lost rigs. Total US rig count is down 16 in the last 90 days, but up 57 vs. this week a year ago.
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- Analyst Insight
Rig Count Continues To Slide, Falls Below 650 For First Time Since Early 2022
The slow decline for US oil and gas rig count continued this week, with total rig count at 642 for the week ending August 18, a decline of 12 vs. a week ago according to Baker Hughes. No basins added rigs, while most posted declines including Appalachia (-3), Anadarko (-2), Bakken (-2), Haynesville (-1), Niobrara (-1), Gulf of Mexico (-1) and All Other (-2). Total rig count is down 78 in the past 90 days, and down 120 vs. this week one year ago.
- Analyst Insight
EIA Reports Record US Crude Production As US Rig Count Begins November With Another Decline
US oil and gas rig count posted a weekly decline to open the month, falling by 7 vs. a week ago to 618 for the week ending November 3 according to Baker Hughes. Rigs were added in Appalachia (+1) and All Other (+2), while the Permian (-3), Gulf of Mexico (-3), Haynesville (-1), Anadarko (-1), Bakken (-1) and Niobrara (-1) all lost rigs. Total US rig count is down 41 in the last 90 days, and down 152 vs. this week a year ago.
- Analyst Insight
US Rig Count Continues To Stagnate, Remains at 621 Rigs
US oil and gas rig count continues to be stagnant, with total US rigs at 621 for the week ending January 26 according to Baker Hughes, a gain of one vs. a week ago. Rigs were added in the Permian (+3) and Niobrara (+1), while the Eagle Ford (-1), Haynesville (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down four in the last 90 days, and down 150 vs. this week a year ago.
