finance
U.S. Rig Count Edges Up to 551 as Oil Rigs Rise and Gas Rigs Decline
Baker Hughes reported its weekly U.S. rig count data on May 15, showing the total number of active rigs climbed to 551 from 548 the prior week. Oil rigs rose by five to 415 while rotary gas rigs declined by one to 128. The figures mark the latest snapshot of drilling activity in the American energy sector.
May 15, 1:01 PM·1m read3 sources
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U.S. rig count data on 15-May, showing the total number of active rigs reached 551. The US Baker Hughes Total Rig Count on 15-May stood at 551, up from the previous figure of 548.
That net increase of three rigs reflects diverging trends between oil and gas drilling. Oil-directed drilling therefore accounted for the entire gain in the overall tally and then some.
The modest pullback in gas rigs offset part of the oil-driven expansion. The latest weekly survey, released on 15-May, captures the number of rigs actively drilling for oil and natural gas across the United States.
Baker Hughes has long produced the count as a leading indicator of upstream investment and future production capacity. Taken together the data point to continued emphasis on oil development even as gas-directed activity eases slightly. The net rise of three rigs leaves the total count near levels seen in recent months, suggesting operators are maintaining a measured pace rather than accelerating or sharply contracting activity.
U.S. crude and natural gas output several months later. The current mix, with oil rigs expanding while gas rigs contract, aligns with prevailing price signals that have favored crude over dry gas in many basins.
