US Drillers Cut Oil Rigs for Ninth Month in a Row: Baker Hughes

The oil and gas rig count dropped by 10, landing at 632 for the week leading to Aug. 25. 

US Drillers Cut Oil and Gas Rigs for Sixth Week in a Row: Baker Hughes

For the week ending Aug. 18, the oil and gas rig count fell by 12 to 642, the lowest since February 2022. 

US Drillers Cut Oil and Gas Rigs for Fifth Week in a Row: Baker Hughes

The oil and gas rig count dropped to 654, a decrease of 5 in the week ending Aug. 11. 

US Drillers Cut Oil Rigs for Eighth Week in a Row: Baker Hughes

Oil rigs in the U.S. dropped to 525 this week, while gas rigs were left unchanged, ending the week at 128.

US Drillers Cut Oil Rigs for Eighth Month in a Row: Baker Hughes

Oil rigs dropped to 529, the lowest since March 2022, and gas rigs fell to 128. 

US Drillers Cut Oil and Gas Rigs for Second Week in a Row: Baker Hughes

Oil rigs dropped to 530 this week, while gas rigs fell by two to 131.

US Drillers Cut Oil and Gas Rigs for 10th Time in 11 Weeks: Baker Hughes

U.S. oil rigs fell to 537 this week, while gas rigs dropped to 133.

E&P Highlights: July 10, 2023

Here’s a roundup of the latest E&P headlines including progress redeveloping the Tyra Field  and new contract awards in the upstream oil and gas industry.

US Drillers Add Oil and Gas Rigs for First Time in 10 Weeks: Baker Hughes

Oil rigs in the U.S. fell by 5 to 540, while gas rigs rose by 11, landing at 135, which is the highest since early June. 

US Drillers Cut Oil and Gas Rigs for Ninth Week in a Row: Baker Hughes

Oil rigs in the U.S. fell by 1 to 545, while gas rigs dropped by 6 to 124.