U.S. oil and gas rig count was up slightly as of Baker Hughes' December 23 report, with total rig count climbing by three to 545. Rigs were added in the Permian (+1), Eagle Ford (+1) and Gulf of Mexico (+1), with no basins reporting losses for the week. Total U.S. rig count is up three in the last 90 days, but down 44 vs. this week a year ago. Oil-directed rigs climbed to 409 (+3) on the week, with gas-directed rigs at 127 and miscellaneous rigs at 9, both flat week-on-week.
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- Analyst Insight
U.S. Rig Count Climbs To 554 On Gains In Niobrara
U.S. rig count climbed higher for the week ending November 21, adding five rigs. vs a week ago for a total of 554 according to Baker Hughes data. Rigs were added in the Niobrara (+3), Permian (+1), Anadarko (+1) and Appalachia (+1), while the All Other group (-1) was the only weekly decline. Total U.S. rig count is up 15 in the last 90 days and down 30 from this week a year ago. Oil-directed rigs (419, +2), gas-directed rigs (127, +2) and miscellaneous rigs (8, +1) all posted gains for the week.
- Analyst Insight
U.S. Rig Count Slips Three to 545; Gulf of Mexico Gains Overshadowed by Broad Declines
U.S. oil and gas rig count fell by three rigs to 545 for the week ending April 10 according to Baker Hughes data, as declines in All Other (-3), the Eagle Ford (-2), Anadarko (-1) and the Bakken (-1) outpaced gains in Gulf of Mexico (+3) and Niobrara (+1).
- Analyst Insight
U.S. Rig Count More Disappointing Than Dry Thanksgiving Turkey
U.S. oil and gas rig count posted its largest weekly decline since 2023, dropping ten rigs for the week of November 26 according to Baker Hughes data. The Haynesville (+1) was the only basin to add rigs, while the Permian (-3), Eagle Ford (-3), Anadarko (-1), Gulf of Mexico (-1) and All Other (-3) all had losses. Total US rig count stands at 544 and is up six in the last 90 days, but down 39 from this week a year ago. Oil-directed rigs at 407 (-12) dropped sharply on the week, with gas-directed rigs climbing to 130 (+3) and miscellaneous rigs falling to 7 (-1).
