U.S. oil and gas rig count was unchanged at 603 for the week ending October 16 according to Baker Hughes data, holding above 600 for a second consecutive week, as gains in Gulf of Mexico (+1) and All Other (+4), driven by a four-rig increase in the Uinta, offset declines in Haynesville (-2), Permian (-2) and the Niobrara (-1). Oil-directed rigs declined to 459 (-3) while gas-directed rigs edged up to 133 (+1) and miscellaneous rigs climbed to 11 (+2). Total U.S. rig count is up 15 over the last 90 days and now stands 56 rigs above this week last year.
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- Analyst Insight
U.S. Rig Count Unchanged for Third Straight Week at 603; Niobrara Leads Gains
U.S. oil and gas rig count was unchanged at 603 for the week ending October 30 according to Baker Hughes data, its third consecutive week without a change and the fourth straight above 600.
- Analyst Insight
U.S. Rig Count Adds Five Rigs, Tops 600 for First Time in Over Two Years
U.S. oil and gas rig count climbed five rigs to 603 for the week ending October 9 according to Baker Hughes data, crossing the 600-rig mark for the first time since May 2024.
