US Oil Drillers Continue to Back Off On Price Slump

US Oil Drillers Continue to Back Off On Price Slump

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in the week prior. The total rig count in the US fell by 8 to 539 rigs, according to Baker Hughes, down 46 from this same time last year. The number of oil rigs fell by 7 to 425 after falling by 6 during the previous week—and down by 54 compared to this t…

US Oil Rig Count Drops to New Cycle Low

The number of oil rigs operating in the United States fell by seven to 425 in the week ending July 4, marking a new cycle low and the 10th consecutive week of declining drilling activity, according to data released Thursday by energy services firm Baker Hughes. The latest drop brings oil rig counts to their lowest level since September 2021 and is a 12% decline from the start of the year. The total US rig count fell by eight to 539. U.S. OIL DI…

Baker Hughes US rig count down 7 to 547 - July 06, 2025

Baker Hughes' U.S. rotary drilling rig count was 547 on June 27, down by seven from the previous week -- the ninth consecutive week of drops. The count was down by 34 from 581 a year ago, down by eight from two weeks ago and down 37 over the nine weeks. This is the lowest the rig count has been sinc...

US Drillers Cut Oil and Gas Rigs for 10th Week in a Row, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes said in its closely followed report on Thursday. The oil and gas rig count, an early indicator of future ...