In another uneventful week for US oil and gas rig count, total rigs climbed to 593 for the week ending March 21 according to Baker Hughes data. Rigs were added in the Anadarko (+2) and All Other (+1), while the Permian (-1) and Bakken (-1) both posted weekly declines. Total US rig count is up four in the last 90 days, and down 31 rigs from this week a year ago. Oil-directed rigs declined by one this week to 486, while gas-directed rigs added two and stand at 102, and miscellaneous rigs were flat at five.
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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
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 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.
