Drilling Rig Count in Unconventional Basins

So Long, Rigs; Don't Hurry Back

These days, no one could accuse U.S. land drilling rigs of sticking around where they're not wanted. Rigs keep departing, and analysts say more need to go. Only some of them will return -- and not for a while, they say. Read More

Rig Rout: U.S. Drops 29, Led by Oklahoma, Texas

The count of active U.S. drilling rigs plummeted by 29 units, almost 3.5%, to rest at 809 in the latest count by Baker Hughes Inc. for the week ending Oct. 2. Canada added a net of three rigs to bring the North American rig decline to minus 26, about 2.56% down from the prior week. Read More

Rigs Retreat; Texas Tally Falls Hard

The U.S. oil and gas rig count saw a net decline of 13 as 16 rigs retreated from land drilling while three joined the hunt offshore, according to Baker Hughes Inc. in its report for the week ending Sept. 4. Texas took the biggest hit, losing 11 rigs to the ongoing price route. Read More

U.S. Drops Eight Rigs; Last One Leaves TMS

The North American active rig count dropped by 20 in the latest Baker Hughes Inc. tally, with Canada letting go of a dozen rigs and the United States giving up eight. The decline is in step with the "lower for longer" talk on commodity prices that pervades the industry. Read More

Two More U.S. Oil Rigs Pursuing Even Fewer Dollars

In the United States, two more oil-directed rigs entered the hunt, according to the latest Baker Hughes Inc. rig count released Friday (Aug. 21). Meanwhile, oil prices dropped below $40/bbl for the first time since 2009. If companies are actually making money at these prices, then that darkens the outlook for price recovery, analysts warned. Read More

U.S. Rig Count Static; Summer Doldrums?

The number of operating U.S. oil/natural gas rigs held pat at 884 in the latest Baker Hughes Inc. count as three departed offshore service and another three were added on land. The tally is well less than half the 1,913 U.S. rigs that were running a year ago. Read More