US oil and gas rig count posted a gain for the second consecutive week, with total rig count climbing to 589 for the week ending July 26, a gain of three vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1), Bakken (+1) and All Other (+1), while the Permian (-1) and Gulf of Mexico (-1) both lost rigs. Total US rig count is down 24 in the last 90 days, and down 75 vs. this week a year ago. Oil-directed rigs climbed to 482 this week (+5), while gas directed rigs stand at 101 (-2).
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- Analyst Insight
US Rig Count Up Seven On Gains In Multiple Basins After Weeks of Stagnation
US oil and gas rig count grew by seven for the week ending December 6, the largest weekly gain since September, climbing to 589 according to Baker Hughes. The Permian (+1), Bakken (+1), Gulf of Mexico (+1) and All Other (+5) basins all posted gains, while the Anadarko (-1) was the only basin to post a decline. Within the All Other group, rigs were added in Granite Wash (+2) in the Texas panhandle, Monterey Shale (+1) in California, Uinta (+1) in Utah, and East Texas Other (+1). Total US rig count is up seven in the last 90 days, and down 37 vs. this week a year ago. Oil-directed rigs climbed to 482 (+5) while gas-directed rigs grew to 102 (+2) and miscellaneous rigs were unchanged and stand at five.
- Analyst Insight
US Rig Count Up For Third Consecutive Week, Climbs To 588
US oil and gas rig count posted its third consecutive weekly increase, adding two rigs and climbing to 588 for the week ending February 14 according to Baker Hughes. Rigs were added in the Permian (+1, Anadarko (+1) and All Other (+1) while the Bakken (-1) was the only basin to post a decline. Total US rig count is up four in the last 90 days, and down 33 vs. this week a year ago. Oil-directed rigs stand at 481 (+1), gas-directed rigs stand at 101 (+1), while miscellaneous rigs were unchanged this week at six.
- 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.
