Drilling rig count declines
US Oil Rig Count Hits 3-Year Low – Baker Hughes
As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling activity nationwide. With the total
U.S. Rig Count Drops to Lowest Level Since 2021 –
The latest rig count data from Baker Hughes and Enverus paints a clear picture of a slowing U.S. drilling industry, with activity levels dipping to
Permian Basin drilling activity falls to lowest level in
US rig count drops to 584 as Permian Basin drilling hits its lowest level in over three years, reflecting a nationwide slowdown.
U.S. Rig Count Slips Again: 536 Active Rigs, Down 47
4 days ago· Sept 3, 2025 The U.S. drilling landscape continues to show signs of strain as the Baker Hughes rig count slipped by two last week, leaving 536
Permian Basin sees continued drop in oil and gas rigs in 2025
Drilling activity''s decline has reached nine weeks, falling to levels not seen in nearly four years. Oilfield services company Baker Hughes said Friday its weekly U.S. rig
Total US Drilling Rig Tally Declines: Here''s What It Means
Rig Count Data in Detail Total U.S. Rig Count Declines: The number of rigs engaged in the exploration and production of oil and natural gas in the United States was 603
U.S. Rig Count Dips Slightly After Five-Week Streak –
The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline, bringing the total national
The Rig Retreat: How Declining U.S. Oil/Gas Drilling Activity
As of July 2025, only 539 active rigs remain, down 8 from the prior week and 46 year-over-year—a stark contrast to the 780 rigs seen in 2022. This decline, driven by capital discipline,
US Oil Drillers See Sharp Decline in Activity
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes
US Oil and Gas Drilling Rig Count Drops to 538, 15th Decline in
The U.S. oil rig count has been on a downward trajectory since 2023, with a 47-rig decline from the same time last year [2]. This prolonged period of reduced drilling activity has
U.S. rig count falls for third straight week, Baker Hughes says
The number of active rigs drilling for oil and gas in the U.S. fell for a third consecutive week, sliding by 7 to 583, the biggest weekly decline since June 2024, Baker
Fewer oil-directed rigs account for much of overall
The overall drilling rig count in North America is down 7 units to 717 the week ended Aug. 1, with drops in oil-directed rigs accounting for much of
Analysis-Sliding US Rig Count Outpaces Efficiency Gains,
Declines in oil production as a result of a falling rig count will take six to nine months to show, due to the time it takes to drill and complete wells, analysts said.
USO: U.S. Rig Count Declines Amid Oil Market Fluctuations
The U.S. drilling rig count has experienced its first drop in three weeks, decreasing by three this week. Oil-specific rigs saw a reduction, while gas rigs saw a slight increase. The
US drilling activity hits lowest level since 2021
Drilling activity continues its downward trajectory in 2025, following a 5% decline in 2024 and a 20% plunge in 2023. Oilfield services firm Baker Hughes said Friday its weekly
US oil and gas rig count falls for sixth week amid low prices
US oil and gas rig count drops for the sixth consecutive week as drillers cut activity due to low, volatile commodity prices.
U.S. Oil and Gas Drillers Backing Off or Slowing Down
U.S. oil and gas drillers are slowing down drilling activities, as evidenced by a consistent decline in active rig counts across major basins in 2024 and 2025. This slowdown is
US Oil Rig Count Hits 3-Year Low – Baker Hughes
As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling
U.S. drilling rig count stays flat after string of declines in Baker
The number of total oil and gas drilling rigs in the US remained unchanged at 539, after the count had declined in 14 of the previous 15 weeks, Baker Hughes reported.
Baker Hughes Reports That US Drillers Have Cut Oil And
Oil and gas rig counts are expected to decline by 5% and 20% respectively in 2024, as the lower U.S. gas and oil prices in recent years have prompted energy companies to
Sliding US rig count outpaces efficiency gains,
The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the
Global Rig Count Update: A Snapshot of the Oil and
Rig Count Overview United States: The total rig count remains steady at 589 rigs, unchanged from the previous week. However, 31 rigs have
U.S. drilling rig count stays flat after string of declines in
The number of total oil and gas drilling rigs in the U.S. remained unchanged at 539, after the count had declined in 14 of the previous 15 weeks, Baker Hughes reported Friday in its latest
US oil and gas rig count drops to lowest level since 2021 as drilling
The number of rigs seeking crude oil dropped by eight rigs to 465 rigs, the lowest since November 2021 and 32 rigs or 6% below the 497 drilling for oil last year.
US rig count falls for seventh week as drilling hits lowest level
Economic uncertainty and price volatility sent drilling activity down a seventh consecutive week. The rig count remains at lows not seen since November 2021.
U.S. natural gas-directed rigs decreased for second consecutive
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between
US Oil Drilling Rig Tally Rises, Natural Gas Count Declines
In its weekly release, Baker Hughes (BKR) reports that the total count of rigs in the United States decreased, reflecting a slowdown in drilling activities.
Permian Basin rig count falls to three-year low
Meanwhile the number of rigs drilling for natural gas sank by seven to 96 rigs, the biggest weekly decline since May 2023 and the lowest level
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