Rig Counts

Rig Counts

US Oil Rig Count Drops For Second Consecutive Week

U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year.

July 12, 2019

Rig Counts

US Oil Rig Count Falls By Five

The rig count, an early indicator of future output, declined over the past seven months as independent E&P companies cut spending on new drilling as they focus more on earnings growth instead of increased output.

July 3, 2019

Rig Counts

US Oil Rig Count Rises For Second Consecutive Week

Companies added four oil rigs in the week to June 28, bringing the total count to 793, Baker Hughes, a GE company, said in its weekly report. That compares with 858 rigs operating during the same week a year ago.

June 28, 2019

Rig Counts

US Oil Rig Count Inches Up

Companies added one oil rig in the week to June 21, bringing the total count to 789, Baker Hughes, a GE company, said in its weekly report.

June 21, 2019

Rig Counts

US Oil Drillers Cut Rigs For Second Week In A Row

Drillers cut one oil rig in the week to June 14, bringing down the total count to 788, still the lowest since February 2018, Baker Hughes, a GE company, said in its weekly report.

June 14, 2019

Rig Counts

US Oil Rig Count Falls To Lowest Since February 2018

Drillers cut 11 oil rigs in the week to June 7, bringing down the total count to 789, Baker Hughes, a GE company, said in its weekly report.

June 7, 2019

Rig Counts , Drilling

US Drillers Cut Oil Rigs For Sixth Straight Month

Year-to-date, the total number of oil and gas rigs active in the U.S. has averaged 1,025. Most rigs produce both oil and gas.

May 31, 2019

Rig Counts

US Oil Drillers Cut Rigs For Third Week In A Row

U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through on plans to cut spending.

May 24, 2019

Rig Counts , Shale Plays

US Rig Count Falls As E&P Companies Cut Spending

Drillers cut three oil rigs in the week to May 17, bringing down the total count to 802, below the 844 units operating a year ago, Baker Hughes, a GE company, said in its weekly report.

May 17, 2019

Rig Counts

US Oil Drillers Cut Rigs, Count Falls By Two

The rig count has declined over the past five months as independent E&P companies cut spending on new drilling as they focus more on earnings growth instead of increased output.

May 10, 2019