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US Rig Count Falls Off a Cliff In Thanksgiving Week
Market Intelligence Analysis
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Why This Matters
The US oil and gas rig count fell sharply this week, with a total of 544 rigs, down 38 from the same time last year, and a 70-rig decline in oil rigs.
Market Impact
Market impact analysis based on bearish sentiment with 84% confidence.
Sentiment
Bearish
AI Confidence
84%
Article Context
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The total number of active drilling rigs for oil and gas in the United States fell sharply this week, according to new data that Baker Hughes published on Wednesday ahead of the Thanksgiving holiday. The total rig count in the US fell by 10 to 544 this week, according to Baker Hughes, down 38 from this same time last year. The number of active oil rigs saw a big dip in the reporting period, according to the data, falling by 12 rigs and reaching 407. Year over year, this represents a 70-rig decline. The number of gas rigs rose by 3 to 130, which…
Original article published by
OilPrice.com
on November 26, 2025.
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Analysis and insights provided by AnalystMarkets AI.