Baker Hughes Oil Rigs Rise to 414 While Total U.S. Rig Count Falls to 552; Output Drops 10k Bpd
Baker Hughes’ latest weekly rig count showed total active rigs fell to 552, with oil rigs rising by 2 to 414 and gas rigs dropping by 2 to 131. U.S. crude production slipped by 10,000 barrels per day to 13.668 million bpd while frac spreads increased by two crews.
1. Weekly Rig Count Trends
Baker Hughes reported total active drilling rigs in the U.S. fell to 552 this week, down 41 year-on-year. Oil rigs increased by 2 to 414, while gas rigs decreased by 2 to 131, and miscellaneous rigs held at 7.
2. Production and Frac Spread Movements
Weekly U.S. crude output declined by 10,000 barrels per day to 13.668 million bpd, marking a pullback from the all-time high. Primary Vision’s frac spread count rose by two crews, extending gains after a prior week’s increase of three.
3. Q1 Earnings Release Schedule
Baker Hughes will issue its first-quarter results on April 23, 2026, at 5 p.m. Eastern Time and host a webcast on April 24 at 9:30 a.m. Eastern, outlining performance drivers and outlook for the remainder of the year.