Drilling rig count reductions

US Drillers Cut Oil & Gas Rigs for First Time in 3 Weeks

A sustained reduction in rig count would eventually manifest in production declines, with a typical lag time of 6-12 months between drilling

Global Rig Count Update: A Snapshot of the Oil and Gas Industry

As the oil and gas sector navigates the complexities of global energy demand and economic challenges, the latest Baker Hughes rig count offers critical insights into drilling

U.S. natural gas-directed rigs decreased for second consecutive

The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between

The Shale Industry Accelerates Rig Reductions,

In conclusion, the shale industry is undergoing a transformative period characterized by a significant reduction in drilling rig counts and a

Westwood Insight – A mixed drilling outlook for the

For those service companies and rig contractors who can offer the technologies and rigs that are growing increasingly important to operators in

Push/pull dynamic with rig efficiency and pricing likely

Wood Mackenzie estimates that, for every 5% improvement in drilling efficiency from 2020 levels, approximately 28 fewer rigs are needed in

2025 To See Slight Well Cost Reductions and Modest

Despite the efficiency gains, the need for rigs should grow next year, Wood Mackenzie says. "We forecast rig demand to increase by 40 units

U.S. oil rig count jumps to most since June while gas

The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said in its latest

US rig count drops 7 units to 583; Canada down 15 to 138

The US drilling rig count decreased by 7 units during the week ended Apr. 11 to reach a total of 583 rotary rigs working, Baker Hughes Inc. reported. That compares with 617

US E&Ps Could Drop Up to 100 Rigs at New Low Oil

At least 50 and up to 100 of the roughly 600 rigs drilling in the Lower 48 may be idled in response to the newly discounted $62/bbl WTI strip,

Rig Count Overview & Summary Count | Baker Hughes Rig Count

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services

US Rig Counts Down Amid Rising U.S. Crude and LNG Production

This decline reflects a broader trend, with the total rig count down 4% from last year, driven by lower oil and gas prices prompting operators to prioritize shareholder returns

Latest U.S. Rig Count Shows Stability with Minor Changes –

The latest Baker Hughes Rig Count reflects steady drilling activity across most major U.S. oil and gas plays, with only slight fluctuations in specific basins. As oil prices hover

Permian Basin sees continued drop in oil and gas rigs in 2025

An aerial shot of gas wells near Pyote in the Permian Basin. U.S. oil and gas drilling rigs hit their lowest count since 2021, with declines in major basins and continued

Steady but flat outlook forecast for the global onshore

China China is expected to be among the leaders in driving global rig demand, accounting for almost 30% of the global rig count by 2028,

The number of active U.S. crude oil and natural gas rigs is at the

Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company''s rig count

Daily Rig Count

U.S. drilling activity starts the year with a 15-rig drop The U.S. rig count reached 657 during the week ended Jan. 3, down 15 rigs from the previous week''s high point, according to