US oil and gas rig count was up slightly to 604 for the week ending May 16, up one vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2) and Eagle Ford (-1) both lost rigs. Total rig count is down 17 in the last 90 days, and down 116 from this week a year ago. Oil-directed rigs were up one vs. a week ago to 497, while gas-directed rigs were flat at 103 and miscellaneous rigs were flat at four.
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- 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
Permian Basin Leads Decline In US Rig Count
The Permian Basin led this week's decline in oil and gas rig count with total US rigs falling to 632, a decline of 10 vs. a week ago according to Baker Hughes.
- Analyst Insight
US Rig Count Down Slightly Led By Gulf of Mexico Decline
US oil and gas rig count continued to hold it's course, dropping two rigs vs. a week ago and falling to 621 for the week ending February 16 according to Baker Hughes. Rigs were added in All Other (+1), while the Gulf of Mexico (-2) and Permian (-1) both lost rigs. Total US rig count is up three in the last 90 days, and down 139 vs. this week a year ago. Oil rigs declined by two this week to 497, while gas-directed rigs (121) and miscellaneous rigs (3) were flat.
