U.S. RIG COUNT RISES FOR SECOND CONSECUTIVE WEEK – BAKER HUGHES – OIL ...
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.
Us oil drill rig count
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, according to Baker Hughes, down 45 from this same time last year.. The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, according to Baker Hughes, down 45 from this same time last year.. Data made available by Baker Hughes. Click for U.S. Frac Spread Count. (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) U.S. Rig Count current and historical data, updated every Friday. Data made available by Baker Hughes. . Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province. . The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, according to Baker Hughes, down 45 from this same time last year. The rig count is still near. [pdf]