March 31, 2025
The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian Basin—America’s top oil-producing region—saw a drop of three rigs, bringing its total to the lowest level since February 2022.
Overall Rig Count:
- Total U.S. rig count: 592 (↓1 from last week, ↓29 from 2024)
- Oil rigs: 484 (↓2 WoW, ↓22 YoY)
- Gas rigs: 103 (↑1 WoW, ↓9 YoY)
- Miscellaneous rigs: 5 (unchanged)
By Location:
- Land rigs: 575 (↓1)
- Offshore rigs: 14 (unchanged)
- Inland waters: 3 (unchanged)
Regional Highlights:
- Permian Basin: 297 rigs (↓3, lowest since Feb 2022)
- Texas: 280 rigs (unchanged)
- New Mexico: 101 rigs (↓1)
- Oklahoma: 53 rigs (unchanged; ↑9 YoY)
- Kansas: 23 rigs (↑6)
- Ohio: 10 rigs (↑1)
- Pennsylvania: 14 rigs (↓1)
States with No Week-over-Week Change:
- North Dakota (32 rigs)
- Louisiana (32 rigs)
- Wyoming (21 rigs)
- Utah (12 rigs)
- West Virginia (11 rigs)
- Alaska (10 rigs)
- California (8 rigs)
- Colorado (8 rigs)
The U.S. rig count held relatively steady this week, with only a modest overall decline. However, the drop in the Permian Basin—the country’s most prolific oil-producing region—signals potential caution among operators amid ongoing market uncertainty. While activity remains above pre-pandemic levels in some areas like Oklahoma and Kansas, the year-over-year decline highlights a more conservative approach to drilling across much of the country. As commodity prices and demand forecasts continue to evolve, rig count trends will remain a key indicator to watch for future production shifts.
