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US Oil Drilling Activity Still Going Nowhere
Market Intelligence Analysis
AI-Powered
Why This Matters
US oil drilling activity remains stagnant, with the total number of active rigs staying the same at 551, and oil rigs specifically down 79 from last year, indicating a lack of growth in the industry.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
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 stayed the same this week, according to new data that Baker Hughes published on Friday, keeping the total rig count in the US at 551 this week, down 41 from this same time last year. The number of active oil rigs stayed at 409 during the latest reporting period, according to the data. This is 79 below this same time last year. The number of gas also held steady at 133, which is 34 more than this time last year. The miscellaneous rig count stayed the same at 9. The…
Original article published by
OilPrice.com
on February 20, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.