About Cost effective current drilling rig count
The oil rig count is currently 411 rigs, compared to 438 in June and 483 one year ago. The gas rig count is 122, compared to 111 in June and 97 last August. In the major plays, the Permian Basin rig count is at 255 rigs, 16 fewer than June’s count.
The oil rig count is currently 411 rigs, compared to 438 in June and 483 one year ago. The gas rig count is 122, compared to 111 in June and 97 last August. In the major plays, the Permian Basin rig count is at 255 rigs, 16 fewer than June’s count.
Well costs in the lower 48 should decline 10% this year and 1% in 2025, Wood Mackenzie projects in a recent report. The firm attributes the drop in prices to declining costs for oil country tubular goods, proppant and diesel, as well as more efficient drilling and completion operations. “Since.
From there, prices fell to a low of $61.77 on August 19th. Prices closed at $63.25 on August 26th. The August 22nd Baker Hughes rig count report shows a drop in the active rig count. Baker Hughes reports 538 active drilling rigs in the US. In June, the total active rig count was 554. One year ago.
Rotary rigs in operation are reported weekly. Monthly data are averages of 4- or 5-week reporting periods, not calendar months. Annual data are averages over 52 or 53 weeks, not calendar year. Published data are rounded to the nearest whole number. Geographic coverage is the 50 States and the.
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975. The North American rig count is released.
Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.
Recent public domain values and historical graphs of USA oil and natural gas rotary drilling rig counts, spot prices, and production rates follow. Images link to enhanced vector-pdfs and may be reproduced without notice. Run date — Wed September 3, 2025 5-years.rigs/price auto-min scales.
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