Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

June 9, 2025

U.S. drilling activity continued to decline last week, marking the sixth consecutive weekly drop in the national rig count—something not seen since late 2023. According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Several major basins, including the Permian and Eagle Ford, recorded new lows. In Oklahoma, the rig count slipped by 2, despite still sitting above year-ago levels.

Here is a summary of the U.S. rig count changes based on your update:


🛠️ National Rig Count Summary

  • Total rigs: 559 (▼ 4 from last week) — lowest since November 2021
  • Oil rigs: 442 (▼ 9)
  • Gas rigs: 114 (▲ 5)
  • Miscellaneous rigs: 3 (unchanged)

Year-over-year change:

  • 35 rigs (from 594 a year ago)
    • ▼ 50 oil rigs
    • ▲ 16 gas rigs
    • ▼ 1 miscellaneous rig

🗺️ Regional Rig Count Highlights

Region/StateThis WeekChangeLast YearNotes
Texas264▼ 2287Lowest since Nov 2021
Oklahoma50▼ 238Still up YoY
New Mexico91107Holding steady
North Dakota30N/AUnchanged
Louisiana31▲ 1N/ASmall gain
Colorado8N/ASteady
Kansas13▼ 3N/AVia Red Top Report
California6N/AFlat
Alaska10N/AFlat
Ohio11N/AFlat
Pennsylvania18N/AFlat
Utah10▼ 1N/ALowest since Feb 2022
West Virginia7N/AFlat
Wyoming21N/AFlat

📉 Industry & Market Commentary

2025: ▲ 88% spot price rise projected → expected boost in drilling

6th straight weekly decline in rig count — first such streak since Sept 2023.

Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged.

Capex trends:

E&Ps to cut spending 3% in 2025 vs. 2024

2024: Flat spending

2023: +27%, 2022: +40%, 2021: +4%

Crude Output Forecast (EIA):

2024: 13.2 million bpd (record)

2025: 13.4 million bpd

Gas Outlook:

2024: ▼ 14% price caused output cuts

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