U.S. rig count remained relatively stable, adding two rigs to reach 546 for the week ending January 30 according to Baker Hughes data. Rigs were added in the Anadarko (+3), Haynesville (+2) and Bakken (+1), while the Permian (-2), Gulf of Mexico (-1) and All Other (-1) declined week-on-week. Total rig count is up two in the last 90 days but remains down 30 vs. this week a year ago. Oil-directed rigs were unchanged for the week at 411, while gas-directed rigs grew to 125 (+3) and miscellaneous rigs declined to 10 (-1).
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- Analyst Insight
U.S. Rig Count Edges Up One to 548; Year-Over-Year Gap Narrows to Smallest Since January
U.S. oil and gas rig count gained one rig to 548 for the week ending May 8 according to Baker Hughes data, with little movement across most basins.
- Analyst Insight
U.S. Oil & Gas Rig Count Falls to 543 In Uneventful Week
In another relatively slow week, total U.S. rig count fell to 543, a decline of one vs. a week ago according to Baker Hughes data for the week ending January 16. One rig was lost in the All Other (-1) group, while all major basins were unchanged for the week. Total US rig count is down four in the last 90 days, and down 41 vs. this week a year ago. Oil-directed rigs grew to 410 (+1) on the week, with gas-directed rigs falling to 122 (-2) and miscellaneous rigs unchanged at 11.
- Analyst Insight
U.S. Rig Count Rebounds Five to 548; Eagle Ford Leads Recovery
U.S. oil and gas rig count gained five rigs to 548 for the week ending April 2 according to Baker Hughes data, published Thursday ahead of the Good Friday holiday, as gains in the Eagle Ford (+3), Haynesville (+1), Niobrara (+1) and Permian (+1) more than offset a one-rig decline in the Bakken.
