US oil and gas rig count remained stable for the week ending October 27, adding one rig vs. a week ago for a total of 625 according to Baker Hughes. Rigs were added in the Permian (+1) and Eagle Ford (+1), while the Haynesville (-1) declined. Total US rig count is down 39 in the last 90 days, and down 143 vs. this week a year ago. Oil directed rigs increased to 504 vs. 502 a week ago, while gas directed were down to 117 vs. 118 a week ago.
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- Analyst Insight
US Rig Count Continues To Stagnate, Remains at 621 Rigs
US oil and gas rig count continues to be stagnant, with total US rigs at 621 for the week ending January 26 according to Baker Hughes, a gain of one vs. a week ago. Rigs were added in the Permian (+3) and Niobrara (+1), while the Eagle Ford (-1), Haynesville (-1) and Gulf of Mexico (-1) all lost rigs. Total US rig count is down four in the last 90 days, and down 150 vs. this week a year ago.
- Analyst Insight
Rigs Dip For Second Consecutive Week In June
US oil and gas rig count declined for the second consecutive week, falling to 590 for the week ending June 14, a decline of 4 vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), while the Permian (-1), Haynesville (-1), Anadarko (-1), Gulf of Mexico (-1) and All Other (-1) all lost rigs. Total US rig count is down 39 in the last 90 days, and down 97 from this week a year ago. Oil-directed rigs fell to 488 (-4), while gas-directed rigs were flat at 98.
- Analyst Insight
US Rig Count Declines by 6 to 669 led by losses in Permian, Eagle Ford
US oil and gas rig count declined by 6 for the week ending July 21, dropping down to 669 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+1), while the Permian (-4), Eagle Ford (-2), Haynesville (-1) and Niobrara (-1) all lost rigs. Total US rig count is down 84 in the last 90 days, and down 89 vs. this week a year ago.
