Rig Counts

Rig Counts

US Oil, Gas Rig Count Falls by Most in a Week Since June 2020: Baker Hughes

This week, the U.S. oil rig count dropped 10 to 599, while the gas rig count slipped two to 158, according to oilfield services firm Baker Hughes.

February 3, 2023

Rig Counts

US Drillers Leave Oil, Gas Rigs Unchanged: Baker Hughes

The U.S. oil and gas rig count remains steady at 771 in the week ending Jan. 27, according to Baker Hughes.

January 27, 2023

Rig Counts , Drilling

Uganda Unveils First Commercial Oil Production Drilling Program

Uganda discovered commercial reserves of petroleum nearly 20 years ago but has experienced delays over lack of infrastructure.

January 24, 2023

Rig Counts

US Oil Rig Count Falls This Week by Most Since Sept 2021: Baker Hughes

The U.S. oil rig count fell 10 to 613, the lowest since November, while gas rigs rose six to 156, in their biggest weekly rise since February, according to Baker Hughes.

January 20, 2023

Rig Counts , Markets

US Drillers Cut Most Rigs in a Week Since Sept. 2021: Baker Hughes

Shale braces for another disappointing year of weaker output gains, rising costs and dwindling reserves in 2023.

January 6, 2023

Rig Counts

US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes

According to Baker Hughes, the U.S. oil and gas rig count rose to 779 in the week ending Dec. 22.

December 22, 2022

Rig Counts

US Drillers Cut Most Oil Rigs Since September: Baker Hughes

According to Baker Hughes, the U.S. oil rig count fell by five to 620, while the gas rig count rose one to 154 during the week ending Dec. 16.

December 16, 2022

Rig Counts

US Oil, Gas Rig Count Falls for First Time in Six Weeks: Baker Hughes

The U.S. oil rig count fell by two to 625, while gas rigs fell two to 153 during the week ending Dec. 9, making it the lowest weekly count since July 2022.

December 9, 2022

Rig Counts , Crude Oil

Offshore Rig Market Entering Multi-Year Supercycle

Tightness in supply, staffing constraints and high oil prices all contribute to Esgian’s projected 13% growth in offshore rig demand for 2023.

December 7, 2022

Rig Counts , Shale Plays

US Drillers Add Oil, Gas Rigs for Second Consecutive Month: Baker Hughes

U.S. oil rigs rose four to 627 this week, their highest since March 2020, while gas rigs fell two to 155, according to the weekly Baker Hughes rig count report.

November 27, 2022