US rig count dips by 3 to 601 in latest Baker Hughes survey
Baker Hughes reported that active US oil and gas rigs fell by 3 to 601 in the week to November 13, with oil rigs flat at 463, per Seeking Alpha.
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what happened
The number of oil and gas rigs drilling in the United States dropped by three to 601 last week, according to Baker Hughes' Friday report, as relayed by Seeking Alpha. Rigs targeting crude held steady at 463, gas rigs fell four to 127, and miscellaneous rigs rose one to 11.
Year on year, the total is up 52, or 9.5%, with oil rigs up 46, or 11%, and gas rigs up 2, or 1.6%. In the Permian Basin, oil rigs gained two to 275, while the Eagle Ford and Williston stayed at 43 and 30.
why it matters
Rig counts are watched as a lead indicator for future US output, since fewer rigs generally point to slower production growth later. A single weekly dip is a small signal, but the 9.5% annual rise shows drilling activity is still expanding.
market impact
Crude: a steady oil rig count and a small overall dip offer mild support to WTI and Brent.
- WTI pressure up — fewer total rigs hint at slower US supply growth ahead
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sources
- U.S. drilling rig count slips in latest Baker Hughes survey — Seeking Alpha, 13 November 2026 at 21:25 UTC
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