Oil drilling rig count

US Oil Rig Count is at a current level of 412.00, up from 411.00 last week and down from 483.00 one year ago. This is a change of 0.24% from last week and -14.70% from one year ago. The US Oil Rig Count measures the number of oil rigs functioning in the United States. [pdf]

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.

Offshore oil drilling rig

As of June 2010, there were over 620 mobile offshore drilling rigs (jackups, semisubs, drillships, barges, etc.) available for service in the worldwide offshore rig fleet. . Offshore drilling is a mechanical process where a is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract that lies in rock formations beneath the. . Offshore drilling is usually done from platforms generically known as mobile offshore drilling units (MODU), which can be of one of several. . Offshore oil and gas production is more challenging than land-based installations due to the remote and harsher environment. Much of the innovation in the offshore petroleum. . Offshore oil production involves environmental risks, most notably from oil tankers or pipelines transporting oil from the platform to onshore facilities, and from leaks and accidents on the platform (e.g. and . Around 1891, the first submerged oil wells were drilled from platforms built on piles in the fresh waters of the in . The wells were developed by small local. . Notable offshore fields include:• the • the (offshore , , , and )• (in the and , part of the Ventura Basin) . • • • • • • [pdf]