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.
Featured Articles
- Analyst Insight
US Rig Count Posts Gain Led By Addition in Anadarko
US oil and gas rig count posted a gain for the second consecutive week, with total rig count climbing to 589 for the week ending July 26, a gain of three vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1), Bakken (+1) and All Other (+1), while the Permian (-1) and Gulf of Mexico (-1) both lost rigs. Total US rig count is down 24 in the last 90 days, and down 75 vs. this week a year ago. Oil-directed rigs climed to 482 this week (+5), while gas directed rigs stand at 101 (-1).
- Analyst Insight
Rig Count Climbs To 586, Erasing Last Week's Losses
US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs. Within the All Other group, the Green River, Monterey Shale, Sacramento Basin, and Unita basins each added one rig. Total US rig count is down 33 in the last 90 days, and down 83 vs. this week a year ago. Oil-directed rigs declined this week to 477 (-1), while gas-directed rigs grew to 103 (+3) and miscellaneous rigs were flat at 6.
- Analyst Insight
US Rig Count Rebounds, Climbs to 582 On Gains In Permian
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.
