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.

Noble drilling rig count

Noble Corporation plc is an contractor organized in , England. Its affiliate, Noble Corporation, is organized in the . It is the corporate successor of Noble Drilling Corporation. The company operates 24 drilling rigs including eight , four , and 12 . [pdf]

Permian drill rig count dropping 8 2019

The U.S. has lost 95 rigs since starting 2019 with 1,083 (8.8 percent), and Permian Basin has lost 29 rigs since starting 2019 with 486 (6.0 percent). Texas added a rig in the past week to reach 485, but the state is down 47 rigs since starting 2019 with 532 (8.8 percent).. The U.S. has lost 95 rigs since starting 2019 with 1,083 (8.8 percent), and Permian Basin has lost 29 rigs since starting 2019 with 486 (6.0 percent). Texas added a rig in the past week to reach 485, but the state is down 47 rigs since starting 2019 with 532 (8.8 percent).. The count of active oil and gas drilling rigs has declined five straight weeks in the U.S. and four straight weeks in the Permian Basin as of May 10 as the 2019 slump for activity continues, according to Baker Hughes. The count was 988 (fewest since March 2018) in the U.S. – the third straight week. . Rig counts are plunging in the Permian Basin and fewer energy companies are looking to drill in Texas, yet another sign that the global coronavirus pandemic is taking a heavy toll on the Lone Star State’s vital oil and natural gas industry. According to Baker Hughes, the nationwide rig count fell. . Permian Basin and Texas continued their declines in count of active drilling rigs. Baker Hughes said as of Aug. 15 there were 255 rigs in Permian (down 1 in the past week, down 48 or 16 percent from 303 a year ago) and 242 rigs in Texas (down 1 in past week, down 31 or 11 percent from 273 a year. [pdf]