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    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.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

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