Baker Hughes Says U.S. Rig Count Slips to 538 as Oil Rigs Edge Lower

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.