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.
Baker Hughes is redefining its role in the industry by positioning itself as an “industrial energy technology company,” rather than just an oilfield services (OFS) provider.
Oklahoma gained one active rig, bringing its total to 44—two more than this time last year. Meanwhile, the national rig count fell by four to 576, marking the lowest level since December 2021.
The latest rig count data from Baker Hughes and Enverus paints a clear picture of a slowing U.S. drilling industry, with activity levels dipping to their lowest since December 2021. Over the past week, the national rig count fell by four, leaving 580 rigs active across the country—a decline of 40 rigs compared to this time last year.
The latest Baker Hughes rig report, released on January 10, 2025, indicates a drop in U.S. oil and natural gas drilling activity for the first time in six weeks. The rig count, a key barometer of future production levels, fell by five rigs to 584, marking the lowest level since November 2024.
U.S. drilling rig activity remained steady over the past week, with the total count holding at 589 rigs, according to the latest Rig Report from Baker Hughes Co.
The latest Baker Hughes rig count report reveals that the number of active drilling rigs in the United States remains steady at 589 this week. While unchanged from the previous week, this total reflects a year-over-year decline of 33 rigs. Despite fewer rigs in operation, U.S. oil production continues to thrive, showcasing record levels of output.
As we approach the end of 2024, the U.S. oil and gas industry remains a focal point for energy analysts and market stakeholders. According to Baker Hughes’ latest report, the total rig count across the country has held steady at 589 for the second consecutive week, highlighting the cautious yet resilient nature of the sector.
The latest Baker Hughes Rig Count report highlights a steady landscape for drilling activity across the United States and Oklahoma, with no overall change in the national rig count this week. While the number of oil rigs remained stable, slight shifts in gas and miscellaneous rigs contributed to regional variations.
