US oil and gas rig count was unchanged to begin the month of October, standing at 549 for the week ending October 3 according to Baker Hughes. Rigs were added in the Anadarko (+1), Gulf of Mexico (+1) and All Other (+2), while the Permian (-2), Appalachia (-1) and Niobrara (-1) all lost rigs. Total US rig count is up 10 in the last 90 days, and down 36 from this week a year ago. Oil-directed rigs stand at 422 (-2) this week, with gas-directed rigs at 118 (+1) and miscellaneous rigs at 9 (+1).
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- Analyst Insight
U.S. Rig Count Up Slightly On Permian Gains
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).
- 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
U.S. Rig Count Gains Four to 562; Year-Over-Year Gap Closes to One Rig
U.S. oil and gas rig count gained four rigs to 562 for the week ending May 29 according to Baker Hughes data, as a five-rig gain in Permian and a one-rig gain in All Other outweighed declines in Anadarko (-1) and Gulf of Mexico (-1); all other basins were unchanged.
