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US Oil and Gas Rigs Unchanged on Week at 600: Baker Hughes

ENERGY

US total oil and gas rig count was unchanged on the week at 600 rigs, according to Baker Hughes, remaining at lows not seen since Jan 2022.

  • This puts total oil and gas rigs down by 96 rigs, or 13.8%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 496 (-1) -down 59 rigs, or 10.6% on the year
  • Gas: 100 (+1) – down 37 rigs, or 27% on the year
  • Miscellaneous: 4 (=) – stable on the year
  • Canada: 128 (+8) –up 31 rigs on the year

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