Free Trial

US Oil and Gas Rig Count Up 3 to 629: Baker Hughes

OIL

US oil and gas rig count rose by 3 to 629 rigs according to Baker Hughes March 1.

  • This puts oil and gas rigs at their highest level since the week ending Sep. 22. However, the US oil and gas rig count is down by 120 compared to the same period in 2023, equivalent to a 16% decline year-on-year.
  • Oil Rigs: 506 (+3)
  • Gas Rigs: 119 (-1)
  • Miscellaneous: 4 (+1)
  • Canadian Rigs: 231 (=)
74 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US oil and gas rig count rose by 3 to 629 rigs according to Baker Hughes March 1.

  • This puts oil and gas rigs at their highest level since the week ending Sep. 22. However, the US oil and gas rig count is down by 120 compared to the same period in 2023, equivalent to a 16% decline year-on-year.
  • Oil Rigs: 506 (+3)
  • Gas Rigs: 119 (-1)
  • Miscellaneous: 4 (+1)
  • Canadian Rigs: 231 (=)