Rig Counts

Rig Counts

US Oil, Gas Rig Count Sinks to Another Record Low

The U.S. oil and gas rig count fell by five to an all-time low of 279 in the week to June 12, according to data from Baker Hughes Co., going back to 1940.

June 12, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 8, 2020)

The number of active rigs in the U.S. has fallen by more than 500 since the start of 2020, but recent operator commentary suggests that the bottom will likely be found before the end of the second quarter.

June 8, 2020

Rig Counts

US Oil, Gas Rig Count Falls to Record Low for Fifth Consecutive Week

The U.S. oil and gas rig count fell by 17, or 6%, to an all-time low of 284, according to data from Baker Hughes Co.

June 5, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 1, 2020)

The largest monthly decline occurred in the Williston Basin, where 50% of rigs were released, according to Enverus Rig Analytics for May.

June 1, 2020

Rig Counts , Emerging Plays , Discoveries

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June 1, 2020

Rig Counts

US, Canadian Rig Counts Fall to Record Low

The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29, according to data from energy services firm Baker Hughes Co. going back to 1940.

May 29, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 25, 2020)

As of May 20, the total U.S. rig count is down 28 from last week with the Permian Basin leading the declines with a drop of 17 rigs.

May 26, 2020

Rig Counts

North American Oil, Gas Rig Count Falls to Record Lows

The U.S. rig count, an early indicator of future output, fell by 21 to a record low 318 in the week to May 22, according to data from energy services firm Baker Hughes Co.

May 22, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 18, 2020)

For a second week in a row, the number of rigs operating in the U.S. fell to another all-time low, though, according to Enervus, this is the first single-digit decline in the U.S. rig count over the past 12 weeks.

May 18, 2020

Rig Counts

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker Hughes Co.

May 15, 2020