US Baker Hughes Oil Rig Count
It's a leading indicator of production changes - spending in exploration and development increases when oil prices are expected to rise;
Energy prices are based on supply and demand in the market. Inventories are used to maintain price stability during supply shortages and periods of increasing demand;
- US Baker Hughes Oil Rig Count Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jan 17, 2025 | 478 | 480 | 480 |
Jan 10, 2025 | 480 | 482 | 482 |
Jan 3, 2025 | 482 | 481 | 483 |
Dec 27, 2024 | 483 | 483 | 483 |
Dec 20, 2024 | 483 | 483 | 482 |
Dec 13, 2024 | 482 | 483 | 482 |
Dec 6, 2024 | 482 | 480 | 477 |
Nov 27, 2024 | 477 | 480 | 479 |
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- US Baker Hughes Oil Rig Count News
North America added 117 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on January 10. Although the total U.S. rig count dropped by five week on week, Canada’s total rig count increased by 122 during the same timeframe, taking the total North America rotary rig count up to 800, comprising 584 rigs from the U.S. and 216 rigs from Canada, the count outlined. Of the total U.S. rig count of 584, 568 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are ...
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, after seeing no change in the four weeks prior. The total rig count fell by five rigs, to 584 according to Baker Hughes, down 35 from this same time last year. The number of oil rigs dipped by 2—down by 19 compared to this time last year. The number of gas rigs saw a steeper dip, losng 3 rigs to 100, a loss of 17 active gas rigs from this time last year. Miscellaneous rigs stayed ...
The number of oil rigs in the United States stood at 480 in the week ending January 10, decreasing by two compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs dropped by 19. The US gas rig count fell by three to 100 during the same week, while it fell by 17 compared to last year. The total number of rigs in the country currently stands at 584, down by 5 from last week and decreasing by 35 from the previous year. In Canada, the number of rigs stood ...
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, was unchanged at 589 in the week to Dec. 27. Baker Hughes said that puts the total rig count down 33 rigs, or 5.3% below this time last year. Baker Hughes reported that the number of oil rigs and gas rigs remained steady this week, holding at 483 and 102, respectively. The oil and gas ...
The number of oil rigs in the United States stood at 483 in the week ending December 27, unchanged from the week prior, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs fell by 17. The US gas rig count remained unchanged at 102 during the same week, while it dropped by 18 compared to last year. The total number of rigs in the country currently stands at 589, unchanged from last week and sinking by 33 from the previous year. In Canada, the number of rigs dropped by 71 to 95 ...
North America cut 25 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on December 20. The total U.S. rig count remained unchanged week on week and the total Canada rig count decreased by 25 during the same period, taking the total North America rig count down to 755, comprising 589 rigs from the U.S. and 166 rigs from Canada, the count outlined. Of the total U.S. rig count of 589, 573 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are categorized ...
U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, was unchanged at 589 in the week to Dec. 13, Baker Hughes said. Baker Hughes said the total count remained down from a year ago by 34 rigs, or 5%. Baker Hughes said oil rigs held steady at 482 this week, while gas rigs rose by one to 103, their highest since July. In 2023, the oil ...
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after falling in the two weeks prior. The total rig count rose by 7, landing at 589 total rigs, according to Baker Hughes, down 37 from this same time last year. The number of oil rigs rose by five this week to 482—down by 21 compared to this time last year. The number of gas rigs rose by two rigs, landing at 102, a loss of 17 active gas rigs from this time last year. Miscellaneous ...
Released on Jan 10, 2025 |
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Released on Dec 27, 2024 |
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Released on Dec 20, 2024 |
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Released on Dec 13, 2024 |
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Released on Dec 6, 2024 |
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