North America Drops More Rigs

The Number of Oil and Gas Rigs Worldwide Declined in May Due to North America

The Number of Active Oil and Gas Rigs Worldwide Decreased by 40 in May Compared to the Previous Month, Mainly Due to North America, According to U.S. Oilfield Services Company Baker Hughes. On average, 1,576 rigs were operating worldwide, compared to 1,616 in April. The May level was also 99 rigs below the figure for the same month in 2024. In the United States, the number of rigs last month decreased by 13 compared to April (to 573), and in Can…

Nat’l Rig Count Drops 4 @ 559; Marc. Even @ 24, Utica Even @ 12 - Marcellus Drilling News

Last week, for the sixth week in a row, the Baker Hughes U.S. rig count dropped, down another four rigs to its lowest level since November 2021. It was the first time since September 2023 that the count has fallen for six (or more) weeks in a row. Free fallin’. However, the Marcellus/Utica count remained...

North America Drops More Rigs

North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.