Weekly oil and gas drilling data from Baker Hughes

  • 19th consecutive increases
  • Total rig count 908 vs 901 last week
  • Oil rigs 722 vs 720 last
  • Gas rigs 185 vs 180 last

The climb in drilling rigs has now increased for 19 consecutive weeks, although the rate of change is slower this week.

The chart below is the fall and rise from the peak. Oil rigs are well off the low, but well off the highs as well.