U.S. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes

June 30, 2025

The U.S. oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week, marking the longest streak of declines since mid-2020. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year.

Here is a concise summary of the latest U.S. rig count data from the Baker Hughes report, including regional breakdowns and year-over-year comparisons:


🛢️ U.S. Rig Count Summary – Week Ending June 28, 2025

CategoryCurrentChange (Week)Change (Year)
Total Rigs547▼ 7▼ 34 (▼6%)
└─ Oil Rigs432▼ 6▼ 47 (▼10%)
└─ Gas Rigs109▼ 2▲ 12 (▲12%)
└─ Misc. Rigs6▲ 1▲ 1
└─ Offshore Rigs12No change▼ 2

🗺️ State-Level Highlights

StateCurrent CountWeekly ChangeYear-over-Year Change
Texas2580
New Mexico920
North Dakota290
Oklahoma46▼ 1▲ 12
Louisiana31▼ 1
Colorado8▼ 1
Kansas12▲ 1
Wyoming18▼ 5
Alaska100
California60
Ohio110
Pennsylvania180
Utah90
West Virginia70

⚠️ Key Insights

  • 9th consecutive weekly decline in rig count — longest since July 2020.
  • Oil rigs at their lowest since October 2021.
  • Gas rigs up YOY, signaling selective interest in gas-focused plays.
  • Wyoming experienced the steepest weekly drop, losing 5 rigs.
  • Oklahoma’s rig count remains above 2024 levels, despite a weekly dip.

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