This week’s rig count reflects a market in transition—steady oil drilling in some regions, sharp pullbacks in gas, and an overall trend of strategic restraint by operators. With the Permian Basin hitting a two-year low in rig activity and gas drilling at its weakest point since late 2024
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.
The U.S. oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025.
The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline, bringing the total national rig count to 592. This marks the first reduction after five consecutive weeks of additions, signaling a potential stabilization in drilling activity.
The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline, bringing the total national rig count to 592. This marks the first reduction after five consecutive weeks of additions, signaling a potential stabilization in drilling activity.
The latest Baker Hughes rig count shows a significant boost in U.S. drilling activity, with Oklahoma adding five rigs, marking its highest count since May 2023. This increase contributed to a four-week uptrend, pushing the total U.S. rig count to 592, the highest since June 2024.
The latest Baker Hughes rig count shows a significant boost in U.S. drilling activity, with Oklahoma adding five rigs, marking its highest count since May 2023. This increase contributed to a four-week uptrend, pushing the total U.S. rig count to 592, the highest since June 2024.
The latest Baker Hughes report shows that the U.S. rig count increased by 4 rigs this week, bringing the total to 586. This marks the second consecutive week of gains, following a rise of 6 rigs last week.
The latest Baker Hughes report shows that the U.S. rig count increased by 4 rigs this week, bringing the total to 586. This marks the second consecutive week of gains, following a rise of 6 rigs last week.
The total rig count increased by six to 582 for the week ending January 31, with oil rigs seeing their largest weekly jump since February 2023.
