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The September 23rd Baker Hughes rig count report shows the active rig count is steady. Baker Hughes reports 764 active drilling rigs in the US. One month ago, the total active rig count was 765, and one year ago, it was 521 rigs.

The oil rig count is currently 602 rigs, compared to 605 one month ago, and 421 one year ago. The gas rig count is 160, compared to 158 one month ago and 99 last September.

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Every workover rig available is going right now in the Bakken, North Dakota’s top oil and gas regulator Lynn Helms said on Friday, during his monthly oil production report, as companies try to get wells online as quickly as possible after back-to-back blizzards idled a substantial number of four and five-well pads in Williams, Divide, and McKenzie counties.

Gas capture percentages were 95 percent, and this time Fort Berthold was a bright spot, with 97 percent capture. Helms said he expects continued improvement in the Fort Berthold area, with new solutions for gas capture in the works for the Twin Buttes area, which has been a problem spot.

“Just this past week, our largest gas plant came on and that’s really enabled a lot of production to come back on,” Helms said. “So we’re back to a million barrels a day, maybe a little more. You know all of the large operators reported enormous production losses. And of course that has led to the deployment of every workover rig available being out there trying to get wells back on production.”

Last weekend in Williams County, a dozen four and five-well pads along Highway 2, headed toward Ray, remained idle. They appeared to be without electricity, with some poles still clearly broken and lines laying down on the ground.

In his discussions with drilling contractors, Helms has learned that most drilling rigs went south to Texas and New Mexico, both of which escape winter sooner than the Bakken. Those areas hired the available workforce, too, which has added to the Bakken’s difficulty in attracting workforce.

“It’s taking around two months to train and deploy a drilling rig and crew, and very similar timeframes for frack crews,” Helms said. “So it’s just very, very slowly coming back.”

North Dakota rig counts are at 40 right now and Montana rigs are at 2, according to figures from North Dakota Pipeline Authority Justin Kringstad. Helms said the Bakken hasn’t seen those numbers since March of 2020. There are about 15 frack crews running now, a number last seen in April 2020.

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The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons. The international rig count is released on the fifth working day of each month.

Aug 5 (Reuters) - U.S. energy firms this week cut the number of oil rigs by the most since September as production grows incrementally because energy firms are boosting shareholder returns and facing higher operating costs due to inflationary and supply chain pressures.

The number of oil rigs, an early indicator of future output, fell seven to 598 in the week to Aug. 5, the first weekly decline in 10 weeks, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. , ,

Gas rigs rose four to 161, their highest since August 2019, while the combined oil and gas fell by three to 764, which puts the total rig count up 273, or 56%, over this time last year, Baker Hughes said.

Even though the total rig count has climbed for a record 24 months through July, weekly increases have mostly been in the single digits and oil production is only forecast to recover to pre-pandemic record levels next year.read more

With access to Enverus, you can identify new sales leads, plan visits to drilling rigs, determine market share, identify exploration trends, find available rigs, identify new production, monitor competitive activity or define sales territories. Our survey team talks with hundreds of specialists each week to verify our data as well as ensure it is fresh and as detailed as possible for your use.

The number of operational U.S. oil and gas rigs totaled 765 in the last week of September 2022. This was the same number of active rigs the month prior. Market uncertainty has dampened oil demand outlooks which has also been reflected in benchmark oil prices. Initially, the Russia-Ukraine war incentivized U.S. producers to increase upstream activity as Western markets were shunning Russian exports. However, with inflation growing, demand forecasts have been adjusted down.

Oil rigs are the most common rigs in the U.S. At the end of 2021, there were some 480 active oil rigs compared with roughly 106 gas rigs. This discrepancy has been exacerbated over the years, with there being a less pronounced difference in 2011. 2011 was also the year when new well drilling numbers peaked within the past decade, with roughly 2,000 newly bored oil and gas extraction sites. The majority of oil rigs are found in the Permian Basin. Located in Texas and parts of New Mexico, the Permian Basin has been a harvesting ground for petroleum since the early 1920s and since established itself as the most productive U.S. oil basin.

A March 2022 forecast sees U.S. shale gas and tight oil production reach roughly 33.7 trillion cubic feet by 2050. Between 2021 and 2025 production is projected to increase by some three trillion cubic feet.Read moreNumber of United States oil and gas rigs in operation at the end of each month from September 2020 to September 2022tablecolumn chartCharacteristicNumber of rigsSep 22765

Baker Hughes. (October 7, 2022). Number of United States oil and gas rigs in operation at the end of each month from September 2020 to September 2022 [Graph]. In Statista. Retrieved October 22, 2022, from https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/

Baker Hughes. "Number of United States oil and gas rigs in operation at the end of each month from September 2020 to September 2022." Chart. October 7, 2022. Statista. Accessed October 22, 2022. https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/

Baker Hughes. (2022). Number of United States oil and gas rigs in operation at the end of each month from September 2020 to September 2022. Statista. Statista Inc.. Accessed: October 22, 2022. https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/

Baker Hughes. "Number of United States Oil and Gas Rigs in Operation at The End of Each Month from September 2020 to September 2022." Statista, Statista Inc., 7 Oct 2022, https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/

Baker Hughes, Number of United States oil and gas rigs in operation at the end of each month from September 2020 to September 2022 Statista, https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/ (last visited October 22, 2022)

The number of active oil and natural gas drilling rigs in the United States reached an all-time low on May 15th, when there were 258 oil rigs 79 gas rigs, according to Baker Hughes data.  Baker Hughes has been tracking rig counts since 1987. Oil rigs saw the steepest decline, due to a sharp decrease in worldwide petroleum demand as a result of the COVID-19 pandemic and record high levels of crude inventories. Declining demand also results in declining crude prices. Rig counts have historically followed change in oil prices, with a lag time of about four months, according to the EIA.

Natural gas rig counts have fallen as well, however there had been much fewer of them in service. Following the new record low of 339 on May 12th, the overall US rig count has continued to drop in recent weeks, down to 301 on May 29th. That was 683 rigs, or 69%, below May of last year and was the fourth week in a row the U.S. count fell to a fresh record low. At the beginning of 2020, there were 796 active rigs. The rig count reached peaks of over 1,000 in 2019 and nearly 2,000 in 2014.

The number of total active drilling rigs in the United States rose by 3 this week, according to new data from Baker Hughes published on Friday, interrupting a three-week decline.

The rig count in the Permian Basin rose by 3 to 348 this week. Rigs in the Eagle Ford fell by 2 to 70. Oil and gas rigs in the Permian are 99 above where they were this time last year.

Primary Vision"s Frac Spread Count, an estimate of the number of crews completing unfinished wells—a more frugal use of finances than drilling new wells—fell for the third week in a row to 280 for week ending August 19, compared to 236 a year ago.

The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior, according to new data fromBaker Hughespublished on Friday.

The total rig count increased to 705 this week—257 rigs higher than the rig count this time in 2021. Drilling has picked up substantially since the Russia invasion, adding 55 rigs over the last ten weeks.

Baker Hughes has issued rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the US and Canadian drilling activity (photo: Baker Hughes)

The US oil and gas rig count jumped 10 to 577 in the week ending June 23, Enverus data showed, amid continued lofty oil prices, still-rising oil demand and fresh signs of recovery following the roughly 18-month pandemic.

Oil rigs rose 16 for a total 448, as did the horizontal oil rig count, which also rose 16 to 335. Natural gas rigs and horizontal gas rigs were each down six, to 129 and 115, respectively.

The frack count now hovers around 230. While West noted the "massive retirement cycle" for frack equipment in 2020, he said industry is likely down to around 250 available spreads.