Analysis
May 15, 2015
Oil & Natural Gas Rig Count Continues to Decline, Now at 2009 Levels
Written by Brett Linton
According to Baker Hughes data from May 15th, 2015, the U.S rig count for the week was 888 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on June 12, 2009 at 876 rigs.
This week’s total rig count is down 6 rigs when compared to last week, with oil rigs down 8 to 660 rigs, gas rigs up 2 to 223 rigs, and miscellaneous rigs unchanged at 5 rigs. Compared to this time last year, the 888 count is down 973 rigs, with oil rigs down by 871, gas rigs down by 103, and miscellaneous rigs up by 1.
