US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel

US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588, up 48 from this same time last year. The number of active oil rigs rose by 1, reaching 451 during the latest reporting period, according to the data. This is 41 above this same time last year. The number of gas rigs stayed the same at 127, which i…

US Energy Firms Add Rigs for Sixth Time in Seven Weeks, Says Baker Hughes - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. energy firms this week added rigs for a sixth time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by one to 588 in the week to July 31. Baker Hughes ...

US Drillers Post Modest Gain of One Rig as Activity Holds Steady - Energy News Beat

U.S. oil and gas drillers added a single active rig in the latest weekly tallies, signaling continued capital discipline and steady rather than accelerating activity heading into late summer 2026. According to the WellDatabase US Rig Report dated July 31, 2026 (published in partnership with Energy News Beat), the national active rig count reached 576, up 1 from the prior week and up 39 from the same period a year earlier. Baker Hughes, the long-…