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New Year Starts With Fewer U.S. Oil and Gas Rigs
Market Intelligence Analysis
AI-Powered
Why This Matters
The US oil and gas rig count has decreased by 4 to 544, with oil rigs down 71 from last year and gas rigs up 24 from last year, indicating a potential decrease in oil production and a slight increase in gas production.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The total number of active drilling rigs for oil and gas in the United States fell by 4 this week, according to new data that Baker Hughes published earlier this week, bringing the total rig count in the US to 544 this week, down 40 from this same time last year. The number of active oil rigs fell by 3 in the reporting period, according to the data. Oil rigs are now at 409, which is 71 below this same time last year. The number of gas rigs fell by 1 to 124, which is 24 more than this time last year. The miscellaneous rig count rose by 2.…
Original article published by
OilPrice.com
on January 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.