The national rig count has declined for the 11th consecutive week — the longest losing streak since the COVID-era downturn of mid-2020.
Total Drops to 537, Down 47 YoY – Baker Hughes
US Oil Rig Count Hits 3-Year Low – Baker Hughes
As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling activity nationwide. With the total active rig count falling to 539—down 8 from the previous week and 46 below year-ago levels—states like Oklahoma are beginning to mirror the broader contraction.
U.S. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes
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.
Oil Rigs Down, Offshore Activity Up – Baker Hughes
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.
Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes
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.
Rig Count Falls to 563 – Oil Rigs Down, natural gas rigs posted a slight gain – Baker Hughes
U.S. total rig count: ↓ 2 to 576 — the lowest since January
Oil rigs: ↓ 1 to 473 (lowest since Jan)
Gas rigs: ↓ 1 to 100
Misc rigs: unchanged at 3
Offshore rigs: stable at 11
Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes
U.S. total rig count: ↓ 2 to 576 — the lowest since January
Oil rigs: ↓ 1 to 473 (lowest since Jan)
Gas rigs: ↓ 1 to 100
Misc rigs: unchanged at 3
Offshore rigs: stable at 11
U.S. Rig Count Slides Again Amid Price Volatility – Baker Hughes
For the first time in three weeks, U.S. energy firms trimmed the number of active oil and gas rigs, signaling caution amid persistent price pressures and policy uncertainty.
U.S. Rig Count Rises for Second Consecutive Week – Baker Hughes
ccording to the latest Baker Hughes report, the total number of active oil and gas rigs rose by two to 587, although overall rig activity remains below last year’s levels.
Revenue Down, Margins Up: How Transformation Is Reshaping Baker Hughes in 2025
Baker Hughes’ first quarter of 2025 tells a story of resilience, adaptation, and strategic recalibration. While the company reported flat year-over-year revenue and a noticeable decline from the prior quarter, its transformation efforts are beginning to pay off—particularly in how the company manages cost, structure, and future-facing opportunities.
