Baker hughes drill rig count

The total number of active drilling rigs in the United States increased by 7 to 544 rigs this week, according to Baker Hughes. The rise was primarily driven by a gain of 9 gas rigs, reaching a total of 117, while oil rigs fell by 2 to 422. [pdf]

FAQS about Baker hughes drill rig count

What is the Baker Hughes rig count?

The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.

How many rigs did Baker Hughes add?

We finally saw some relief last week for the Baker Hughes U.S. rig count, which added rigs for the first time in three months (12 weeks). The U.S. count added seven rigs and now stands at 544 active rigs. However, it was gas-focused rigs that saved the day.

Why did Baker Hughes rig count fall 5% in 2024?

Baker Hughes’ rig count fell 5% in 2024 following a 20% plunge in 2023. Drilling activity started 2025 the way it ended 2024: locked in a very narrow trajectory. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was at 589 rigs for a fourth consecutive week. That’s down 32 rigs or 5% from 621 rigs counted last year.

Why are Baker Hughes rig counts important?

Because they have been compiled consistently for 70 years, Baker Hughes Rig Counts also are useful in historical analysis of the industry. The working rig location information is provided in part by Enverus.

How many rigs are drilling for natural gas?

The number of rigs drilling for natural gas was down three rigs to 83 and is down 55 rigs or 40% from 138 last year. ExxonMobil continues to lead the top 10 public companies by rig count with 35 rigs, down one for the week. ConocoPhillips remains in second, unchanged at 34 rigs, and Occidental Petroleum was also unchanged at 30 rigs.

How did the oil rig count compare to gas rigs?

Oil rigs rose by 2 to 414 during the week, while gas rigs dropped 1 to 118 and 5 rigs remained classified as miscellaneous. The total rig count was down 45 rigs, or 7.7% compared to the same time last year, while the oil rig count was down by 69 rigs, or 14.3%, and gas rigs gained 24, or 25.5% from a year earlier.

2023 XCMG 360 Water Well Drilling Rig

XSL360B deep well drilling rig adopts full hydraulic control, top drive and crawler travel. With reasonable overall layout, it has high drilling efficiency, is suitable for air or mud drilling technology, and is widely used in water well, geothermal and micro pile drilling projects. [pdf]

Largest drilling rig

Berkut is the biggest oil and gas platform in the world, situated near the Russian coastline facing the Pacific Ocean, near the island of Sakhalin, close to the Japanese mainland. It is truly an engineering marvel, weighing about 200,000 tonnes and 35 m deep from the seafloor. It is estimated that the platform’s. . The Perdido oil and gas platform is the second biggest in the world located near the US Gulf of Mexico. It became operational in 2010 and is operated by one of the biggest oil. . The Petronius oil platform is situated in the Gulf of Mexico, close to New Orleans in the US. The construction of this fixed, compliant tower-type. . The fifth-biggest oil and gas platform, Olympus, was constructed to exploit the Mars fields in the Gulf of Mexico, 200 kilometres south of New Orleans, US. The installation of this platform was part of a project aimed to expand the life of the oilfields till 2050 and. . The Hibernia oil rig is roughly 314 kilometres from St John, Newfoundland, in Canada. It was constructed to exploit the oil reserves in Hibernia and the Avalon, one of the oldest in the world. Lying at depths of more than 3500 m underwater, these fields are. Located near Sakhalin Island off the Pacific coast of Russia, the Berkut Oil rig is the largest in the world. Weighing approximately 200,000 tons, this engineering marvel sits 35 meters below the seafloor and has an estimated maximum oil extraction capacity of 4.5 million tons annually. [pdf]