The latest Baker Hughes Rig Count report, a key indicator of the oil and gas industry's activity, shows an increase in the number of operational rigs in the United States. As of February 23, 2024, the total rig count has reached 626, up from 621 the previous week. This includes a rise in oil rigs by 6, totaling 503, and a slight decrease in gas rigs to 120 from 121. Additionally, the report highlights specific changes in major shale basins, with the Permian Basin seeing an increase of 2 oil rigs, totaling 308, and a horizontal oil rig increase by 1 to 295. Meanwhile, the Eagle Ford, Williston, Cana Woodford, and DJ Niobrara basins remained unchanged.
Horizontal oil rigs in the Permian +1 to 295 Baker Hughes #oott https://t.co/YLby0jQnAu
US oil rigs w/w changes at key shale basins Permian +2 to 308 Eagle Ford unchanged at 48 Williston unchanged at 34 Cana Woodford unchanged at 21 DJ Niobrara unchanged at 12 Baker Hughes #oott
#OOTT | US Baker Hughes Rig Count Feb-23: 626 (prev 621) - Baker Hughes Rotary Gas Rigs Feb-23: 120 (prev 121) - Baker Hughes Rotary Oil Rigs Feb-23: 503 (prev 497)
🔴 US BAKER HUGHES OIL RIG COUNT ACTUAL 503 (FORECAST -, PREVIOUS 497) $MACRO
🇺🇸 United States U.S. Baker Hughes Total Rig Count $USD Actual: 626 Previous: 621
🇺🇸 United States U.S. Baker Hughes Oil Rig Count $USD Actual: 503 Previous: 497
🔴 US BAKER HUGHES TOTAL RIG COUNT ACTUAL 626 (FORECAST -, PREVIOUS 621) $MACRO
US oil rigs +6 to 503 Baker Hughes #oott
Econ Calendar Fri 2/23/24 Baker Hughes Rig Count 1:00 PM ET
Key Events Tomorrow (ET) 1 PM: Baker Hughes Rig Count For more details, start a trial at https://t.co/H4p1RcpNxV.