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US Oil and Gas Rigs Down 1 on Week at 584: Baker Hughes

ENERGY

US total oil and gas rig count was down 1 on the week at 584 rigs, according to Baker Hughes, remaining at lows not seen since December 2021.

  • This puts total US oil and gas rigs down by 91 rigs, or 13.5%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 478 (-1) -down 59 rigs, or 11% on the year. One rig was gained in Louisiana, while two were lost in Texas. All other states were unchanged.
  • Gas: 101 (-1) – down 33 rigs, or 24.8% on the year
  • Miscellaneous: 6 (+1) – Up 1 on year
  • Canada: 189 (+14) –Up 2 rigs on the year

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