June 23, 2025
U.S. drilling activity continued its downward trend this week, with the total rig count falling by one to 554, according to the latest Baker Hughes report. Oklahoma saw a notable drop, losing two rigs to end the week at 47—despite being up from 35 rigs one year ago.
Here is a summary of the U.S. rig count changes based on Baker Hughes weekly update:
North America Overview
- Total rigs: 693 (unchanged from last week)
- Down 61 rigs YoY (754 rigs last year)
🇺🇸 United States Rig Count
- Total: 554 rigs (-1 from last week, -34 YoY)
- Oil: 438 rigs (-1 WoW, -47 YoY)
- Gas: 111 rigs (-2 WoW, +13 YoY)
- Miscellaneous: 5 rigs (+2 WoW, unchanged YoY)
- Land rigs: 538 (-5 WoW, -29 YoY)
- Offshore: 14 (+4 WoW, -7 YoY)
- Inland waters: 2 (unchanged)
🇨🇦 Canada Rig Count
- Total: 139 rigs (+1 WoW, -27 YoY)
📍Oklahoma
- Current: 47 rigs (-2 WoW, +12 YoY from 35)
🧭 Notable Weekly Changes by State
- Texas: 258 (-4)
- New Mexico: 92 (+2)
- Louisiana: 32 (+1)
- Colorado: 9 (+1)
- Wyoming: 23 (+2)
- North Dakota: 29 (-1)
- Utah: 9 (-1)
- Kansas: 11 (-1, per Red Top Report)
- Ohio, Pennsylvania, West Virginia, Alaska, California: Unchanged
🔍 Key Takeaways
- U.S. drilling continues a slow decline, led by losses in oil-directed rigs.
- Offshore drilling saw a temporary rebound, gaining 4 rigs.
- Oklahoma’s drop of 2 rigs contrasts with a year-over-year increase, indicating volatility but some growth.
- Texas remains the top drilling state despite a consistent downward trend.
Oil & Gas Marketing List
