Falling drilling rig counts

Instead of ''drill, baby, drill,'' U.S. rig counts falling,

The rig count has dropped under the Trump administration, with the biggest losses reported in Texas, the oil and natural gas capital of the U.S.

Permian Basin rig count falls to three-year low

Overall drilling activity slipped for a second consecutive week while the number of rigs drilling for oil hit an 11-month high. Oilfield services firm Baker Hughes said Friday its U.S.

Baker Hughes: US, Canada rig counts fall | Oil & Gas

The US drilling rig count decreased by one unit to reach 584 rigs working for the week ended Nov. 15, according to Baker Hughes data. The

Permian Basin rig count falls to three-year low

Overall drilling activity slipped for a second consecutive week while the number of rigs drilling for oil hit an 11-month high. Oilfield services firm

U.S. oil rig count jumps to most since June while gas

The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said in its latest

Rig Activity Down, Production Up – May Rig Count

May 19, 2025 As the U.S. oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady

How To Explain The Falling U.S. Rig Count Amid

For the week just past, both Baker Hughes and Enverus reported double-digit drops in their respective counts. The Baker Hughes count

Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

April 14, 2025 The U.S. oil and gas sector faced a notable setback this week as the national rig count dropped by seven, bringing the total to 583 active rigs—the lowest level since early

Drilling rig counts decline to 308 in Permian, 282 in Texas, 588 in

It was another week of falling drilling rig counts in Permian Basin, Texas and U.S., according to Baker Hughes in its weekly report of June 21. There were 308 rigs in Permian

US drilling activity falls to lowest level since December 2021

Drilling activity slumped for a second consecutive week, falling to the lowest level since December 2021. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count

Fewer Rigs, Bigger Payoff: US Oil Production

The current consolidation trend amongst E&Ps have companies optimizing operations and capital budgets—and with that comes a drop in rig

US oil, gas rig count falls to three-year low amid

Oilfield services firm Baker Hughes said Friday its U.S. rig count sank 10 rigs to 566 rigs, the lowest level since November 2021 and 34 rigs or

US oil rig count falls by most in a week since June

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third

Falling rig counts drive projected near-term oil

The recent decline in crude oil prices has led operators to reduce the number of rigs in use. DPR results show sharp decreases in rig counts in

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

Texas drilling falls to two-year low and Permian also

Texas saw its rig count fall by three to 289, the lowest level since February 2022 and down 77 rigs from 366 rigs active across the state last

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

U.S. rig count ends slump, edges up by one, Baker Hughes says

Drilling activity ended a two-week slump, inching higher by one rig this week. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose to 537 but remains down 45 rigs, or 8%, from

The Rig Count Paradox: How Falling Drilling Activity Could Ignite

The inverse relationship between U.S. oil rig counts and crude prices has long been a cornerstone of energy market analysis. Now, as rig activity hits its lowest level since October

Oil Rig Count Falls Again as Frac Crews Vanish

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on

US rig count drops for seventh week, hits lowest since 2021

US drilling activity falls for a seventh week, with rig counts at their lowest since 2021 amid economic uncertainty and price volatility.

Drilling Down: How Falling Rig Counts Signal a Shift in Energy

As of June 2025, the total rig count stood at 563, down 37 rigs year-over-year and marking the lowest level since November 2021. This decline, driven largely by a steep drop in oil-directed

U.S. natural gas-directed rigs decreased for second consecutive

Producers in natural gas-rich regions have responded to these persistently low prices by drilling less—as reflected in the declining rig counts—and even by curtailing

US drillers cut oil and gas rigs to lowest since

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021,

Why Are Oil And Gas Production Rising When Rig

The number of rigs drilling for oil and gas is falling. Yet, the U.S. is poised to set new oil and natural gas production records this month. This

Rig counts trend lower in US and Canada

Oil and gas drilling activity eased in both the US and Canada this week, according to Baker Hughes. US rig counts remain near multi-year lows, and Canadian activity continues

U.S., Permian Basin drilling rig counts fall for tenth straight week

Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes. As of July 3, there were 539 rigs in U.S.

Total US Drilling Rig Tally Falls: Here''s What it Means

U.S. Natural Gas Rig Count Falls: The natural gas rig count of 97 was lower than the week-ago figure of 98. The count of rigs exploring the commodity was also below the year-ago...

Instead of ''drill, baby, drill,'' U.S. rig counts falling, layoffs

Within the first few months of Trump''s new administration, the opposite has been true, with layoffs increasing, rig counts dropping, and industry executives expressing alarm.

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.

Steady but flat outlook forecast for the global onshore

Rig count in the Haynesville is expected to fall to 30 rigs this year, from 52 in 2023. If gas inventory returns to normal levels by early 2025 as Mr

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

Rig Count Overview & Summary Count | Baker Hughes Rig Count

Starting in February 2020, the international rig count will be released on the last working day of the first week of the month. The Baker Hughes Rig Counts are an important

Rig counts fall: Permian down 6 to 298, Texas down 4 to 277,

Counts of active drilling rigs in Permian Basin, Texas, New Mexico, and U.S. all fell in the past week, according to data in the weekly report of Jan. 24 from Baker Hughes.

Falling drilling rig counts [PDF]

Mining Drilling Rigs Inc.