Baker Hughes US Rig Count Rises Four to 562, Highest Since Last June
BKR•BKR•BKR•BKR•Baker Hughes’ active US rig count rose by four this week to 562 rigs, including 429 oil rigs and 125 gas rigs, leaving the total just one rig below year-ago levels. US crude production averaged 13.702 million bpd while frac spreads climbed to 184 crews—the highest since last June.
Baker Hughes’ weekly US rig count rose by four to 562 active rigs, driven by a gain of four oil rigs to 429 while gas rigs held steady at 125. The total remains just one rig below the count recorded at the same time last year.
The Permian Basin rig count climbed by five to 255 rigs, narrowing the year-over-year deficit to 23 rigs, while the Eagle Ford remained flat at 44 rigs. Frac spread crews increased by five to 184, marking the highest level since last June.
US crude production averaged 13.702 million barrels per day, just 160,000 bpd shy of the all-time high, even as Brent and WTI prices dipped over 1% this week. The price pullback and near-record production may influence future drilling decisions and service demand.
