U.S. oil and gas rig count was unchanged at 588 for the week ending August 28 according to Baker Hughes data, as one-rig gains in the Haynesville and All Other were offset by one-rig declines in Appalachia and the Gulf of Mexico. Gas-directed rigs climbed to 132 (+5), approaching the year's high of 134 reached in February, while oil-directed rigs declined to 447 (-5) and miscellaneous rigs were unchanged at 9. Total U.S. rig count is up 26 over the last 90 days and now stands 52 rigs above this week in 2025.
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- Analyst Insight
U.S. Rig Count Unchanged for Second Straight Week at 588; Permian and Niobrara Offset Gulf and Appalachia
U.S. oil and gas rig count was unchanged for the second consecutive week, holding at 588 for the week ending September 4 according to Baker Hughes data, as one-rig gains in the Permian and Niobrara were matched by one-rig declines in Appalachia and the Gulf of Mexico.
- Analyst Insight
U.S. Rig Count Falls Five to 588; Haynesville Pulls Back From Last Week's Multi-Year High
U.S. oil and gas rig count fell by five rigs to 588 for the week ending August 21 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-2), the Niobrara (-1) and All Other (-3) overwhelmed gains in Permian (+2) and the Eagle Ford (+1).
- Analyst Insight
U.S. Rig Count Up Three to 591; Bakken Leads Gains With Unexpected Five-Rig Jump
U.S. oil and gas rig count gained three rigs to 591 for the week ending September 11 according to Baker Hughes data, as gains in the Bakken (+5), the Eagle Ford (+1) and the Niobrara (+1) more than offset a one-rig decline in Gulf of Mexico and a three-rig decline in All Other.
