US oil and gas rig count was up slightly for the week ending October 20, with rigs up by 2 versus a week ago bringing the total count up to 624 according to Baker Hughes. Rigs were added in the Haynesville (+2), Gulf of Mexico (+2) and Permian (+1), while the Niobrara (-2) and Eagle Ford (-1) both lost rigs. Total rig count is down 45 in the last 90 days, and down 147 vs. this week a year ago. Oil directed rigs and gas directed rigs were both up one vs. last week.
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- Analyst Insight
Rig Count Up Slightly As Permian, Eagle Ford Make Gains
US rig count was up slightly versus a week ago, with total rigs climbing by three to 622 for the week ending October 13 according to Baker Hughes. Rigs were added in the Permian (+2), Eagle Ford (+2), Gulf of Mexico (+2) and Bakken (+1), while the Haynesville (-2) and All Other (-2) both lost rigs. Total US rig count is down 53 in the last 90 days, and down 147 vs. this week a year ago. Oil directed rigs were up four vs. last week, while gas directed rigs fell by one.
- Analyst Insight
US Rig Count Up Slightly to 604 On Gains In Anadarko
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.
- Analyst Insight
US Rig Count Posts Third Consecutive Decline To Close Month of August
US oil and gas rig count posted it's third consecutive weekly decline, dropping two rigs vs. a week ago and falling to 583 for the week ending August 30 according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1) and Gulf of Mexico (+1), while Appalachia (-2), Permian (-1), Haynesville (-1), Niobrara (-1) and All Other (-1) all lost rigs. Total US rig count is down 17 in the last 90 days, and down 48 from this week a year ago. Oil-directed rigs (483) were flat this week, while gas-directed rigs declined by two to 95.
