Permian Basin rig count reaches 273 as WTI crude settles at $90.83

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The Permian Basin rig count rose to 273 on Nov. 6, 2026. U.S. rigs totaled 604, and WTI futures settled at $90.83 a barrel.

On Nov. 6, 2026, Baker Hughes counted 273 active drilling rigs across the Permian Basin in West Texas and southeastern New Mexico, according to an Odessa American report syndicated by Yahoo Finance. The basin had 272 rigs a week earlier and 251 at the same point in 2025. It accounted for about 45% of all active U.S. rigs in the latest count.

The U.S. rig count rose by one from the previous week to 604, compared with 548 a year earlier. Oil and natural gas drilling each added one rig, bringing their totals to 463 and 131, respectively. Baker Hughes counted 10 miscellaneous rigs, compared with 11 the week before.

West Texas Intermediate crude futures settled at $90.83 per barrel on Nov. 6. The regional Plains West Texas Intermediate posting stood at $87.31 per barrel. Both prices ended the week $13.29 per barrel below their levels at the previous Friday’s close.

Source: Odessa American
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