US Oil Drilling Activity Slumps As Volatile Prices Spook Markets

US Oil Drilling Activity Slumps As Volatile Prices Spook Markets

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 Friday, following a 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs fell by 6 to 432 after falling by 1 during the previous week—and down by 47 compared to this tim…

US oil/gas rig count falls for 4th month to Oct 2021 low, Baker Hughes says

Source: Live Mint June 27 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to 547 in the week to June 27. Baker Hughes said oil rigs fell by six to 432 this week, also their lowest since Octo…

Shale drilling drops for longest stretch since 2020 as rig count slips again

U.S. shale drilling activity declined for the ninth straight week, marking the longest drop since mid-2020. Analysts say recent oil price gains haven’t been enough to reverse cautious spending by producers.

Weekly Rig Count Down, But Oil and Gas Are Not Out

The U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs fell by 6 to 432, and gas rigs dropped by 2 to 109, with 5 miscellaneous rigs unchanged. Globally, rig activity reflects varied market dynamics. Despite the downturn, robust production and tightening inventories suggest the oil and gas sector remains resilient. This a…

US Oil and Gas Rig Count Falls for Fourth Month to Oct 2021 Low, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by ...

US Oil, Gas Rig Count Falls for 4th Month to Oct 2021 Low

The oil and gas rig count fell by seven to 547 in the week to June 27. Baker Hughes said oil rigs fell by six to 432 this week, also their lowest since October 2021, while gas rigs decreased by two to 109.