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.
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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 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.
- Analyst Insight
US Rig Count Posts Largest Gain In 12 Months, Climbs to 590
US oil and gas rig count posted its largest increase in a year for the week ending September 13, increasing by eight rigs vs. a week ago and climbing to 590. This marks the largest week on week increase since September 15, 2023 when nine rigs were added. Rigs were added in the Niobrara (+3), Gulf of Mexico (+2), Eagle Ford (+1), Anadarko (+1) and All Other (+1). Total US rig count is flat vs. 90 days ago, and down 51 from this week a year ago. Oil-directed rigs (488) increased by five for the week, while gas-directed rigs (97) increased by three and miscellaneous rigs (5) were flat.
