US rig count holds at 603 as drillers resist high prices

· Oil & Gas · United States

The U.S. active rig count stayed at 603 this week, up 55 from the same period a year earlier, according to Baker Hughes data published Friday and reported by OilPrice.com. Oil rigs fell by three to 459 during the week, even as crude prices remain elevated. The flat overall count suggests drillers are not rushing to expand activity despite the price environment, a pattern the report frames as drillers backing off while prices soar. The Baker Hughes rig count is a closely watched weekly gauge of upstream activity and a leading indicator for future U.S. oil and gas output.

Why it matters：Flat drilling despite high prices signals capital discipline or operational constraints that will shape how quickly U.S. supply can respond to the global shortfall.

Key points

  • Total rig count is up 55 year on year at 603.
  • Oil rigs slipped by three to 459 this week.

Sources (original reporting)

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