US Drillers Add Rigs for Fifth Consecutive Week as Oil Prices Extend Rally
Even though the rig count has climbed for a record 18 months in a row, the weekly increases have mostly been in single digits and oil production is still far from pre-pandemic record levels.
US Drillers Add Oil, Gas Rigs for Record 18th Month
Even though the rig count has climbed for a record 18 months in a row, analysts noted oil and gas production in the U.S. slipped in 2021.
US Drillers Cut Oil Rigs for First Time in 13 Weeks
U.S. oil rigs fell by one to 491 this week, while gas rigs rose four to 113, their highest since January 2020, according to the closely followed Baker Hughes report.
US Drillers Add Most Oil and Gas Rigs in a Week Since April, Report Shows
U.S. oil rigs rose 11 to 492 this week, their highest since April 2020, while gas rigs rose two to 109, their highest since March 2020.
US Drillers Add Oil, Gas Rigs for Fourth Consecutive Week: Report
Even though the rig count has been rising for a record 17 months in a row, analysts noted oil and gas production was still expected to ease.
Chart: Eastern Rig Count as of January 7, 2022
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
Chart: Gulf Coast Rig Count as of January 7, 2022
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Chart: Midcontinent, Permian Basin Rig Count as of January 7, 2022
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Chart: Western Rig Count as of January 7, 2022
California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming
Hart Energy Unconventional Activity Tracker (Week of Jan. 4, 2022)
The U.S. rig count is down 0.7% in the last month, but up 75% year-over-year, according to Enverus Rig Analytics.