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Oil rig count up 7th straight week, gas count down

baker hughes rig count

The Baker Hughes rig count rose to 756 this week, with a gain of 7 rigs exploring for oil and gas. The U.S. gas rig count dropped by 5, according to data from Baker Hughes March 3. According to Business Insider, WTI crude oil futures are headed for a weekly loss of 1.5%, following data from the Energy Information Administration ...

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Rig count up 12, 200 over last year

baker hughes rig count

The Baker Hughes North American Rig Count showed an increase of 12 rigs exploring for oil and gas on Friday, Feb. 10. This number shows an increase of 200 rigs to a total of 741 over last year’s count. Confidence that OPEC may stay true to its agreement to cut production could be driving the rig count increase. The Permian ...

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Rig count continues to swell

baker hughes rig count

The Baker Hughes rig count Friday showed another significant increase in exploration for oil and gas. The rig count went from 712 to 729, an increase of 17. Of those rigs, 583 are exploring for oil and 145 are exploring for gas. All the additions this week were looking for oil. Alaska, Arkansas, Colorado and Wyoming each added one rig. ...

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Rig count slides after 10 weeks of increases

baker hughes rig count

After ten weeks of gains, the U.S. rig count from Baker Hughes shows a decrease of six since last week, dropping from 665 to 659. However, the total is still up 9 from last year at this time when the count was 650. Colorado, North Dakota, Ohio, and Pennsylvania each lost one rig. Oklahoma and Texas were each down two ...

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Rig count up for 10th straight week

baker hughes rig count

The total U.S. rig count increased seven this week for a total of 665, one ahead of last year’s total. Baker Hughes reported 529 rigs exploring for oil, with 135 exploring for natural gas. The Permian Basin still remains the rig leader, with 267 rigs in the area, up three from last week. Colorado gained one, Louisiana was up two, ...

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Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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U.S. rig count declines by 1 to 568

baker hughes rig count

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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US rig count up 4 this week to 557; North Dakota gains 5

baker hughes rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 4 this week to 557. A year ago, 775 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 441 rigs sought oil and 114 explored for natural gas ...

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US rig count up 15 this week to 539; Louisiana gains 6

baker hughes rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 539. A year ago, 787 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 432 rigs sought oil and 105 explored for natural gas ...

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US rig count down 2 this week to 506

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 506. A year ago, 842 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 416 rigs sought oil and 89 explored for natural gas ...

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