Breaking a streak of three consecituve weeks of no change, US oil and gas rig count was down slightly for the week ending November 15, declining by one rig vs. last week to 584 rigs according to Baker Hughes. Appalachia (+1) was the only basin to add rigs, while the All Other group (-2) was the only basin to post a decline. Total US rig count is down two in the last 90 days, and down 34 vs. this week a year ago. Oil-directed rigs stand at 478 (-1), while gas-directed rigs stand at 101 (-1) and miscellaneous rigs at five (+1).
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- Analyst Insight
US Rig Count Down Slightly On Loss In Eagle Ford
US oil and gas rig count posted a week on week decline, falling by one rig vs. a week ago to 584 for the week ending July 12 according to Baker Hughes. The Eagle Ford (-1) posted a loss, while all other basins were flat. Total US rig count is down 33 in the last 90 days, and down 91 vs. this week a year ago. Oil-directed rigs declined to 478 (-1), gas-directed rigs declined to 100 (-1), and miscellaneous rigs increased to 6 (+1).
- Analyst Insight
US Rig Count Declines To 578 Led By Losses In Permian, Gulf of Mexico
US oil and gas rig count declined to 578 for the week ending May 9, a decline of six vs a week ago according to Baker Hughes. The Gulf of Mexico (-2), Permian (-2), Niobrara (-1) and All Other (-1) all posted declines, while no basins reported gains. Total US rig count is down nine in the last 90 days, and down 26 from this week a year ago. Oil-directed rigs stand at 474 and declined by five this week, while gas-directed rigs were unchanged at 101 and miscellaneous rigs declined by one to three rigs.
- 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.
