U.S. Oil and Gas rig count was up slightly for the week ending November 14, climbing by one vs. a week ago to 549 according to Baker Hughes data. Rigs were added in the Permian (+2) and All Other (+1), while the Anadarko (-1) and Bakken (-1) lost rigs. Total rig count is up 10 in the last 90 days, and down 35 from this week a year ago. Oil-directed rigs climbed to 417 (+3) on the week, with gas-directed rigs dropping to 125 (-3) and miscellaneous rigs up to 7 (+1).
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- Analyst Insight
U.S. Rig Count Climbs to 549 To Begin December
U.S. oil and gas rig count erased some of last weeks losses, climbing by five rigs to 549 for the week ending December 5 according to Baker Hughes data. Rigs were added in the Haynesville (+1), Gulf of Mexico (+1) and All Other (+3), while no basins reported declines. Total U.S. rig count is up 13 in the last 90 days, and down 33 from this week a year ago. Oil-directed rigs climbed to 413 (+6), while gas-directed rigs fell to 129 (-1) and miscellaneous rigs were unchanged at 7.
- Analyst Insight
US Rig Count Climbs To 548 To Begin November
US oil and gas rig count added two rigs vs. a week ago to climb to 548 for the week ending November 7 according to Baker Hughes. Rigs were added in the Haynesville (+1), Gulf of Mexico (+1) and All Other (+4), while the Eagle Ford (-2), Anadarko (-1) and Niobrara (-1) all lost rigs. Total US rig count is up 9 in the last 90 days, and down 37 from this week a year ago. Oil-directed rigs were flat this week at 414, with gas-directed rigs climbing to 128 (+3) and miscellaneous rigs down to 6 (-1).
- 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.
