Rig Counts

Rig Counts

US Drillers Add Oil, Gas Rigs for Eighth Straight Week

Even though the combined rig count has climbed for a record 21 months in a row through April, weekly increases have mostly been in single digits and oil production is still far below pre-pandemic record levels.

May 13, 2022

Rig Counts

US Drillers Add Oil and Gas Rigs for Seventh Week in a Row

Baker Hughes said that puts the total rig count up 257, or 57%, over this time last year.

May 6, 2022

Rig Counts , Shale Plays

US Drillers Add Oil and Gas Rigs for Record 21 Months a Row

For the month, drillers added 28 oil and gas rigs, Baker Hughes said in its latest report.

April 29, 2022

Rig Counts , Shale Plays

US Drillers Add Oil and Gas Rigs for Fifth Week

In its latest report, Baker Hughes said U.S. oil rigs rose to 549 this week, while gas rigs also gained to 144, matching a number last touched in early October 2019.

April 22, 2022

Rig Counts , Shale Plays

US Drillers Add Oil and Gas Rigs for Fourth Week in a Row

Analysts said the industry must drill new wells going forward because the number of DUCs available was dropping fast. That drilling increase was likely already coming, at least in the nation’s biggest oil shale basin, the Permian Basin.

April 14, 2022

Rig Counts , Shale Plays

US Oil Drilling, Output Moving Higher with Energy Prices

After a pandemic-induced hiatus, oil production is expected to hit new highs, particularly in the Permian Basin, in the wake of the Russian invasion of Ukraine.

April 14, 2022

Rig Counts , Deepwater , Technology

In Too Deep? GoM Operators Weigh Sky-high Day Rates

Offshore may be on the rebound, but Gulf of Mexico rigs are hard to find.

April 13, 2022

Rig Counts , Shale Plays

US Drillers Add Oil Rigs in Permian Basin for Biggest Weekly Increase Since January

More than half of U.S. oil rigs are in the Permian Basin in West Texas and eastern New Mexico where total units this week jumped by nine to 332, the most since April 2020.

April 8, 2022

Rig Counts , Shale Plays

US Drillers Add Three Oil and Gas Rigs Amid Slow Growth

In its latest report, Baker Hughes said U.S. energy firms added oil and natural gas rigs for a second week in a row but growth in the rig count remains slow.

April 1, 2022

Rig Counts

US Producers Add Oil Rigs for 19th Month But at Slowest Pace Since 2020

Even though the U.S. oil rig count has climbed for 19 months in a row, the increases have been small and have slowed down in March

March 25, 2022