US rig count falls 11 units to 630

Sept. 22, 2023
The overall US rig count is down 11 rigs during the week ended Sept. 22. Baker Hughes’ calculation of active US rigs ended the week at 630 units.

The overall US rig count is down 11 rigs during the week ended Sept. 22. Baker Hughes’ calculation of active US rigs ended the week at 630 units.

Rigs drilling for oil fell 8 units to 507 rigs working, while those rigs targeting natural gas dropped by 3 units to 118 rigs.

The US rig count is down 134 rigs from last year’s count of 764, with oil rigs down 95, gas rigs down 42, and unclassified rigs up by 3.

The US offshore was unchanged for the week at 19 rigs working. The count is up 3 year-over-year. On land, meanwhile, the count landed at 608 units after losing 11 rigs for the week.

Among the major oil and gas-producing states, Texas dropped the most rigs with a 5 rig-drop to reach 312 rigs working for the week. New Mexico and Oklahoma each dropped 2 rigs to reach counts of 100 and 37, respectively. Wyoming and Utah each dropped a single unit to end the week with 20 and 14 rigs working for the week.

In Canada, the overall rig count was unchanged this week with 190 rigs working. Rigs drilling for oil decreased by 4 units to 115 and those targeting gas increased by 4 units to 75. The total count is down 25 units from this time a year ago when 215 rigs were operating.