Oct 13, 2025
The U.S. oil and gas sector saw a dip in activity this week as crude prices fell below $60 per barrel, underscoring continued pressure on drilling economics. According to the latest Baker Hughes Rig Count, both oil prices and rig activity moved lower — signaling operators may be tightening spending as commodity markets soften heading into Q4 2025.
U.S. Rig Count and Price Update — Baker Hughes (Week of Oct. 13, 2025)
As U.S. crude oil prices slipped below $60 per barrel on Friday, rig activity also declined, according to the latest Baker Hughes Rig Count.
- U.S. Total Rigs: 547 (▼ 2 from last week)
- Oil Rigs: 418 (▼ 4)
- Gas Rigs: 120 (▲ 2)
- Miscellaneous: 9 (unchanged)
Year-over-year: down 39 rigs from 586 a year ago — with 63 fewer oil rigs but 19 more gas rigs. Offshore rigs held steady at 15.
🏗 State Highlights
- Texas: 238 (▼ 6) – still the national leader
- New Mexico: 100 (▲ 4) – second overall
- Louisiana: 39 (▲ 1)
- Oklahoma: 40 (▼ 3 YoY 41)
- North Dakota: 28 (▲ 1)
- Ohio: 13 (steady)
- Kansas: 15 (steady, per Red Top Rig Report)
- Colorado: 14 (steady)
- Pennsylvania: 17 (steady)
- Utah: 13 (▲ 2)
- West Virginia: 7 (steady)
- Wyoming: 3 (▲ 1)
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