U.S. oil and gas rig count gained seven rigs to 558 for the week ending May 22 according to Baker Hughes data, as gains in Permian (+4), the Eagle Ford (+2) and Gulf of Mexico (+2) more than offset a one-rig decline in the Haynesville. All other basins were unchanged. Oil-directed rigs climbed to 425 (+10), their biggest single-week gain since February 2023, while gas-directed rigs fell to 125 (-3) and miscellaneous rigs were unchanged at 8. Total U.S. rig count is up seven over the last 90 days and now stands just 8 rigs below this week in 2025, the narrowest year-over-year gap since May 2023.
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- Analyst Insight
U.S. Rig Count Gains Four to 562; Year-Over-Year Gap Closes to One Rig
U.S. oil and gas rig count gained four rigs to 562 for the week ending May 29 according to Baker Hughes data, as a five-rig gain in Permian and a one-rig gain in All Other outweighed declines in Anadarko (-1) and Gulf of Mexico (-1); all other basins were unchanged.
- Analyst Insight
U.S. Rig Count Edges Up One to 563; Year-Over-Year Count Turns Positive for First Time Since May 2023
U.S. oil and gas rig count gained one rig to 563 for the week ending June 5 according to Baker Hughes data, with little movement across most basins, as a two-rig gain in Permian offset a one-rig decline in Anadarko and all other basins were unchanged.
- Analyst Insight
U.S. Rig Count Edges Up One to 548; Year-Over-Year Gap Narrows to Smallest Since January
U.S. oil and gas rig count gained one rig to 548 for the week ending May 8 according to Baker Hughes data, with little movement across most basins.
