US Rig Count Maintains Stability

The overall count of drilling rigs in the United States remained stable last week, holding at 588 units. This figure encompasses rigs actively engaged in both crude oil and natural gas exploration and production activities across the country.

Within this total, the number of rigs specifically targeting crude oil saw a slight increase. Two additional oil rigs commenced operations, bringing the total for oil-focused drilling to 449 units.

Conversely, the count for natural gas rigs experienced a minor reduction. Two gas rigs ceased operations during the period, resulting in a total of 130 active gas rigs.

Additionally, nine miscellaneous rigs were noted as operational. These rigs typically support various other drilling and well-servicing activities within the energy sector.

This consistent overall rig count suggests a period of relative equilibrium in drilling activity, despite the minor reallocations between oil and gas segments. The data provides a snapshot of current operational intensity in the US upstream sector.