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Baker Hughes report News

US Oil Rig Count Drops to 483: A Weekly Decline of 4, Signaling Market Shifts

Sarah Mitchell 03 May, 2025

The US oil rig count dropped by 4 to 483, with a significant annual decrease of 20. Gas rigs saw a slight weekly increase but a minor annual drop. Canada's oil rigs decreased weekl...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a 2 Rig Drop to 486

Christopher Adams 01 Mar, 2025

The latest Baker Hughes report highlights a slight decrease in the US oil rig count to 486, a drop of 2 rigs from last week and 20 from last year. Gas rigs increased by 3 weekly bu...