Rig Count
Weekly U.S. and international drilling rig count data, powered by Baker Hughes. Track oil and gas rig trends and production outlook.
Why the Rig Count Matters
The Baker Hughes rig count is one of the most closely watched indicators of U.S. oil and gas production activity. Published weekly, it measures the number of drilling rigs actively exploring for or developing oil and gas reserves. A rising rig count typically signals growing production capacity and potential future supply increases, while a declining count may indicate reduced investment and tightening supply ahead.
The U.S. rig count has declined from its 2023 peak as operators prioritize capital discipline and shareholder returns over aggressive drilling programs. The Permian Basin in West Texas and New Mexico accounts for the majority of active oil rigs, followed by the Eagle Ford, Bakken, and DJ-Niobrara basins.