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Daily Prices

8/22/24

U.S. Drilling Activity Up Despite Decline in Natural Gas Rig Count

By Jodi Shafto

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Published in: Daily Gas Price Index Filed under:

The U.S. natural gas rig count fell by one to 97 units for the week ended Friday (Aug. 9), while an increase in oil rigs sent the combined domestic tally up two units to 588, according to updated Enverus and Baker Hughes Co. (BKR) data.

NGI's Baker Hughes U.S. rig count chart

The 97 U.S. natural gas rigs as of Friday compared with 123 rigs running in the year-earlier period. The three oil rigs added week/week brought oil-directed units to 485, 40 rigs below the prior-year number.

Land drilling was up by three wee/week domestically to 569 rigs, while the number of units in the Gulf of Mexico was down one on the week. Directional and horizontal rigs were each up by one week/week, while vertical rigs held steady at 17.

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Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.