US oil and gas rig count declined for the third consecutive week, down to 748 for the week ending April 14 - a decline of 3 vs. a week ago. Most major basins saw some changes however, with the Permian (+3) and Gulf of Mexico (+2) adding rigs, while the Anadarko (-2), Eagle Ford (-2), Haynesville (-2) and All Other (-1) all posted declines.
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- Analyst Insight
Rig Count Continues To Slide, Falls Below 650 For First Time Since Early 2022
The slow decline for US oil and gas rig count continued this week, with total rig count at 642 for the week ending August 18, a decline of 12 vs. a week ago according to Baker Hughes. No basins added rigs, while most posted declines including Appalachia (-3), Anadarko (-2), Bakken (-2), Haynesville (-1), Niobrara (-1), Gulf of Mexico (-1) and All Other (-2). Total rig count is down 78 in the past 90 days, and down 120 vs. this week one year ago.
- Analyst Insight
US Rig Count Falls To 748 (-7) Led By Decline In Permian
US oil and gas rig count gave back gains from the past two weeks today, with total rig count falling to 748 for the week ending May 5, a loss of seven vs. a week ago according to Baker Hughes.
- Analyst Insight
US Rig Count Ends May With Fourth Consecutive Week On Week Decline
May was a tough month for US oil and gas rig count, with producers ending the month with a fourth consecutive weekly decline (-44 vs April 28). Total US rig count was 711 for the week ending May 26, according to Baker Hughes.
