US energy firms leave rig count unchanged this week, Baker Hughes says
USO•The US oil and gas rig count held at 603 for the week to October 16, 55 rigs, or 10%, above a year earlier. Oil rigs fell by three to 459, while gas rigs rose by one to 133.
1. Weekly rig count
The total US oil and gas rig count was unchanged at 603 in the week to October 16, Baker Hughes said. Oil rigs fell by three to 459, gas rigs rose by one to 133, and miscellaneous rigs increased by two to 11, their highest level since January.
2. Regional and output figures
Utah gained five rigs to 20, its highest count since January 2015, while California lost one to five, its lowest since April 2025. The total count was 55 rigs, or 10%, above the year-earlier level. 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.
