US oil and gas rig count fell to 576 for the week ending January 24, a decline of four vs. a week ago and marking the first week below 580 in four years according to Baker Hughes data. Rigs were added in the Eagle Ford (+2) and Anadarko (+1), while the Permian (-6) and All Other (-1) both posted week-on-week declines. Total US rig count is down nine in the last 90 days, and down 45 from this week a year ago. Oil-directed rigs stand at 472 (-6), while gas-directed rigs stand at 99 (+1) and miscellaneous rigs at five (+1).
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- 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
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
Rig Count Posts Small Weekly Decline, Falls To 583
US oil and gas rig count posted a modest decline for the week ending November 22, declining by one rig vs. a week ago to 583 according to Baker Hughes. Rigs were added in the Eagle Ford (+2) and Anadarko (+1), while the Haynesville (-2) and All Other (-2) both posted declines. Total US rig count is down two in the last 90 days, and down 39 from this week a year ago. Oil-directed rigs climbed to 479 (+1), while gas-directed rigs fell to 99 (-2) and miscellaneous rigs stand at 5 (+0).
