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    Analysis

    May 22, 2015

    Oil & Natural Gas Rig Counts Remain Low

    Written by Brett Linton

    According to Baker Hughes data from May 22, 2015, the U.S rig count for the week was 885 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 3 rigs when compared to last week, with oil rigs down 1 to 659 rigs, gas rigs down 1 to 222 rigs, and miscellaneous rigs down 1 to 4 rigs. Compared to this time last year, the 885 count is down 972 rigs, with oil rigs down by 869, gas rigs down by 103, and miscellaneous rigs unchanged.

    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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