US energy firms hold total rig count unchanged for third week in a row, says Baker Hughes
BKR•US energy firms kept the total rig count unchanged at 603 for a third consecutive week, Baker Hughes said. Oil rigs rose by two to 462 and gas rigs fell by two to 130; the total was 57 rigs, or 10%, above the year-ago level.
1. Rig count holds steady
The total US oil and gas rig count remained at 603 in the week to October 30, unchanged for a third week in a row. Oil rigs rose by two to 462, their highest since early October, while gas rigs fell by two to 130, their lowest since early September; miscellaneous rigs held at 11.
2. Wyoming and output outlook
Wyoming’s rig count rose by two to 18, its highest since June 2025. The count declined by 7% in 2025, 5% in 2024 and 20% in 2023. The EIA projected US crude output would rise from a record 13.7 million barrels per day in 2025 to 13.9 million in 2026, and natural gas output would increase from 107.6 billion cubic feet per day to 112.2 billion.
