US oil and gas rig count posted its first weekly gain since May, adding four rigs and climbing to 585 for the week ending July 5 according to Baker Hughes. Rigs were added in the Gulf of Mexico (+2), Eagle Ford (+1) and All Other (+1), while no basins posted losses. Total US rig count is down 25 in the last 90 days, and down 95 vs. this week a year ago. Oil-directed rigs (479) and miscellaneous rigs (5) were unchanged this week, while gas-directed rigs (101) increased by four to climb above 100 for the first time since May.
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- Analyst Insight
Rig Count Unchanged for Second Consecutive Week, Holding at 585
US oil and gas rig count was unchanged for the second consecutive week, maintaining 585 rigs for the week ending November 1 according to Baker Hughes. Rigs were added in the Haynesville (+1), Appalachia (+1), Bakken (+1) and All Other (+1), while the Eagle Ford (-2), Permian (-1) and Anadarko (-1) all posted losses. Total US rig count is down one in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs declined to 479 (-1), while gas-directed rigs grew to 102 (+1) and miscellaneous rigs held flat at four.
- Analyst Insight
US Rig Count Rebounds, Climbs to 582 On Gains In Permian
US oil and gas rig count posted its first weekly gain of the year, climbing to 582 for the week ending January 31 - an increase of six vs. a week ago according to Baker Hughes. This marks the first gain for rig count since December 6 of last year. Rigs were added in the Permian (+5), Anadarko (+1) and Bakken (+1), while the Gulf of Mexico (-1) was the only basin to post a decline. Total US rig count is down three in the last 90 days, and down 37 from this week a year ago. Oil-directed rigs posted their largest weekly gain in nearly two years climbing to 479 (+7), while gas-directed rigs fell to 98 (-1) and miscellaneous rigs were flat at five.
- Analyst Insight
US Rig Count Posts Small Weekly Gain, Climbs to 586
US oil and gas rig count posted a very modest gain for the week ending October 11, adding one rig vs. a week ago and climbing to to 586 according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Anadarko (+1) and All Other (+1), while Appalachia (-2) lost rigs. Total US rig count is up two in the last 90 days, and down 36 from this week a year ago. Oil-directed rigs (+2) climed to 481, while gas-directed rigs (-1) fell to 101 and miscelaneous rigs were flat at four.
