#OOTT | US Baker Hughes Rig Count 22 Aug: 538 (prev 539) - Rotary Gas Rigs: 122 (prev 122) - Rotary Oil Rigs: 411 (prev 412)
US BAKER HUGHES OIL RIG COUNT ACTUAL 411 (FORECAST -, PREVIOUS 412) $MACRO
U.S. Baker Hughes Reports Oil Rig Count At 538, Up From 412 Last Week. 🛢️📈
Baker Hughes reported that the number of active drilling rigs in the United States decreased by one to 538 in the week ended Aug. 22. The weekly decline breaks down to a one-rig drop in oil-directed rigs, leaving that segment at 411, while gas-focused rigs held steady at 122. The total tally remains close to its highest level since early 2023, suggesting continued resilience in U.S. upstream activity despite recent volatility in crude prices.
