Archive · 15 Aug 2025
U.S. Oil and Gas Rig Count Holds Steady, August 15 Report
Imagine the number of oil and gas rigs as a way to guess how much oil and gas will be produced in the future.
This week, the total number of rigs stayed the same.
Oil rigs went up a little, and gas rigs went down a little.
The number of rigs has been going down recently because oil and gas companies are choosing to focus on paying off their debts.
Even though some analysts predict oil prices will fall, experts still think the U.S. will produce more oil next year.
U.S. oil and gas rig count held steady this week, according to Baker Hughes.
The rig count remained at 539 in the week to August 15.
Oil rigs increased by one to 412, while gas rigs decreased by one to 122.
The rig count declined by about 5% in 2024 and 20% in 2023.
E&P companies plan to cut capital expenditures by around 4% in 2025.
- Who
- Baker Hughes
- What
- U.S. oil and gas rig count held steady.
- When
- Week to August 15.
- Where
- United States
- Why
- Lower oil and gas prices have prompted energy firms to focus on shareholder returns and paying down debt.
Energy Firms
Analysts
Spending Priorities
Energy Firms
Focusing on boosting shareholder returns and paying down debt.
Analysts
Not explicitly stated in this article.
- Total Rig Count (August 15)
- 539
- Oil Rigs (Increase)
- 1 (412 total)
- Gas Rigs (Decrease)
- 1 (122 total)
- Rig Count Decline (2024)
- 5%
- Rig Count Decline (2023)
- 20%
- 2025 CapEx Cut (E&P)
- 4%