Continue Reading
Full article on OilPrice.com
US Oil Drilling Continues to Flounder
Market Intelligence Analysis
AI-Powered
Why This Matters
US oil drilling activity remains sluggish, with a total of 546 active rigs, down 36 from last year, despite a slight increase in gas rigs.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
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 rose by 2 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 546 this week, down 36 from this same time last year. The number of active oil rigs stayed at 411 during the latest reporting period, according to the data. This is 68 below this same time last year. The number of gas rigs rose by 3, reaching 125, which is 27 more than this time last year. The miscellaneous rig count slipped by 1 and now is…
Original article published by
OilPrice.com
on January 30, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.