US oil and gas rig count climbed to 623 for the week ending Febuary 9 according to Baker Hughes, a gain of four vs. a week ago. Rigs were added in the Permian (+2), Haynesville (+2), Appalachia (+2) and Gulf of Mexico (+2), while the Anadarko (-1) and All Other (-3) saw declines. Gas directed rigs were responsible for all of this weeks gains, climbing from 117 a week ago to 121, while oil directed rigs (499) and miscellaneous rigs (3) were flat vs. last week. Total US rig count is up 7 in the last 90 days and down 138 from this week a year ago.
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- Analyst Insight
US Rig Count Climbs To Highest Level Since June On Gains In Anadarko
US oil and gas rig count climbed to its highest level since June 2024, adding four rigs and climbing to 592 for the week ending February 21 according to Baker Hughes. This week's gains were driven by a significant increase in the Anadarko, which added five rigs, while Appalachia added one rig. The All Other group was the only decline for the week, dropping two vs. last week. Total US rig count is up nine in the last 90 days, and down 34 from this week a year ago. Oil-directed rigs posted a gain of seven for the week, climbing to 488, while gas-directed rigs at 99 (-2) and miscellaneous rigs at 5 (-1) both posted declines.
- Analyst Insight
Rig Count Climbs To 586, Erasing Last Week's Losses
US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs. Within the All Other group, the Green River, Monterey Shale, Sacramento Basin, and Unita basins each added one rig. Total US rig count is down 33 in the last 90 days, and down 83 vs. this week a year ago. Oil-directed rigs declined this week to 477 (-1), while gas-directed rigs grew to 103 (+3) and miscellaneous rigs were flat at 6.
- Analyst Insight
US Rig Count Climbs For Second Consecutive Week, Despite Continued Low Gas Prices
US oil and gas rig count grew for the second consecutive week, climbing to 629 for the week ending March 1 according to Baker Hughes, a gain of three vs. a week ago. Rigs were added in the Permian (+1), Anadarko (+1), Appalachia (+1), Gulf of Mexico (+1) and All Other (+1) while the Haynesville (-2) was the only basin to lose rigs. Total US rig count is up four in the last 90 days, and down 120 compared to this week a year ago. Rigs in oil directed basins grew to 506 (+3), while lower gas prices continued to impact rig count in gas directed basins which fell to 119 (-1). Miscellaneous rigs increased by one vs. a week ago.
