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US Oil and Gas Rig Count Falls by 2 to 621: Baker Hughes

OIL

US oil and gas rig count total fell by 2 to 612, according to Baker Hughes data Feb. 16. Reversing some of last week’s rise.

  • The total rig count is down by 139 rigs, or 18.3% on the same period in 2023.
  • Breakdown of the total below with w/w change in brackets.
  • US Oil rig count: 497 (-2)
  • US gas rig count: 121 (0)
  • Miscellaneous: 3 (0)
  • US land rig count: 602 (0)
  • US offshore rig count: 19 (-2)
  • Canadian rig count: 234 (+2)

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