U.S. oil and gas rig count erased last week's decline, climbing by one rig back to 544 for the week ending January 23 according to Baker Hughes. The Niobrara (+3) was the only basin to add rigs, while the Gulf of Mexico (-1) and All Other (-1) both posted declines. Total rig count is down four in the last 90 days, and down 36 vs. this week a year ago. Oil-directed rigs increased to 411 (+1) this week, with gas-directed and miscellaneous rigs both unchanged at 122 and 11 respectively.
| 1/23/26 | vs. Last Week | vs. Last Year | |
|---|---|---|---|
| Permian | 244 | – | –60 |
| Eagle Ford | 42 | – | –2 |
| Haynesville | 56 | – | +18 |
| Anadarko | 40 | – | –2 |
| Appalachia | 39 | – | +5 |
| Bakken | 28 | – | –5 |
| Niobrara | 22 | +3 | +2 |
| Gulf of Mexico | 9 | –1 | –4 |
| All Other | 64 | –1 | +12 |
| Total | 544 | +1 | –36 |
