US oil and gas rig count was unchanged at 589 for the week ending December 13 according to Baker Hughes data. Rigs were added in the Haynesville (+1) and All Other (+1), while Appalachia (-1) and Gulf of Mexico (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 34 vs. this week a year ago. Oil-directed rigs were unchanged at 482, while gas-directed rigs increased to 103 (+1) and miscellaneous rigs fell to four (-1).
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- Analyst Insight
US Rig Count Up Seven On Gains In Multiple Basins After Weeks of Stagnation
US oil and gas rig count grew by seven for the week ending December 6, the largest weekly gain since September, climbing to 589 according to Baker Hughes. The Permian (+1), Bakken (+1), Gulf of Mexico (+1) and All Other (+5) basins all posted gains, while the Anadarko (-1) was the only basin to post a decline. Within the All Other group, rigs were added in Granite Wash (+2) in the Texas panhandle, Monterey Shale (+1) in California, Uinta (+1) in Utah, and East Texas Other (+1). Total US rig count is up seven in the last 90 days, and down 37 vs. this week a year ago. Oil-directed rigs climbed to 482 (+5) while gas-directed rigs grew to 102 (+2) and miscellaneous rigs were unchanged and stand at five.
- Analyst Insight
Rig Count Begins 2025 At 589, Unchanged From Last Week
US oil and gas rig count begins 2025 at 589 rigs, down 32 from the opening week of 2024. Rig count was unchanged from the prior week, marking a streak of four consecutive weeks with no change. The Permian accounts for over half of all rigs at 304, followed by the Eagle Ford (54), Anadarko (39), Bakken (37), Appalachia (34), Haynesville (32), Niobrara (20) and Gulf of Mexico (13). Total rigs in All Other basins stand at 56. Total US rig count is up four in the last 90 days. Oil-directed rigs account for most of US drilling activity at 482, with gas-directed rigs (located primarily in the Haynesville and Appalachia) stand at 103 and miscellaneous rigs at four.
- Analyst Insight
Slow Week For US Rig Count, Declining by One vs. Week Ago & Falling to 585
US oil and gas rig count showed little movement for the week ending October 18, declining by one vs. a week ago and falling to 585 according to Baker Hughes. Rigs were added in the Anadarko (+1), while the Haynesville (-1) and All Other (-1) both lost rigs. Total US rig count is down one in the last 90 days, and down 39 vs. this week a year ago. Oil-directed rigs climbed to 482 (+1) this week, while gas-directed rigs fell to 99 (-2) and miscellaneous rigs were flat at four.
