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U.S. Rig Count Falls Despite Record Production
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Why This Matters
The US oil rig count decreased to 414, a 65-rig decline from last year, while the gas rig count rose to 125, 23 more than last year, resulting in a net decrease in total active drilling rigs to 546.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
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80%
Article Context
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The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count in the US fell this week to 546, according to Baker Hughes, down 39 from this same time last year. The number of active oil rigs fell in the reporting period, according to the data, sinking to 414. Year over year, this represents a 65-rig decline. The number of gas rigs rose by 4 to 125, which is 23 more than this time last year. The miscellaneous rig count fell by 2…
Original article published by
OilPrice.com
on October 31, 2025.
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Analysis and insights provided by AnalystMarkets AI.