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Baker Hughes says US oil rig count declines for 2nd week
09/05/2025
Argaam Exclusive
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The US drilling rig count decreased by five week-on-week to 474 in the week ended May 9, according to Baker Hughes.
This marked a decline for the second straight week.
Meanwhile, the gas rig count remained unchanged at 101.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 496 | 479 | 474 | (5) | (22) |
| Gas | 103 | 101 | 101 | 0 | (2) |
| Oil & Gas | 599 | 580 | 575 | (5) | (24) |
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