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U.S. rig count reaches 603 as oil drilling expands

Last updated: October 19, 2026 | Reading Time: 2 minutes
Baker Hughes’ U.S. rotary rig count hit 603 on Oct. 9, its highest since May 2024, up 5 weekly and 56 year over year.

The U.S. rotary drilling rig total rose to 603 on October 9, adding five rigs over the preceding week, according to Petroleum News, citing Baker Hughes. This marked the first reading above 600 since May 31, 2024. Compared with the same period in 2025, when 547 rigs were operating, the national count was higher by 56.

Oil-directed drilling accounted for the weekly increase, with six additional rigs bringing that category to 462. Natural gas rigs totaled 132, compared with 133 a week earlier, while the miscellaneous category remained at nine. On an annual basis, oil and gas rigs were higher by 44 and 12, respectively. Horizontal drilling accounted for 543 rigs.

Texas added three rigs to reach 281, Louisiana gained two to total 38, and New Mexico added one to reach 99. The Permian Basin remained the country’s busiest drilling basin, with 274 rigs, four more than a week earlier and 24 more than a year earlier. Alaska held at 12 rigs, compared with nine a year earlier.

Source: Petroleum News
Read the full original article here

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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
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Link to: U.S. plans to back Delek’s Texas refinery expansion Link to: U.S. plans to back Delek’s Texas refinery expansion U.S. plans to back Delek’s Texas refinery expansionVance announced plans to expand a Texas refinery with Delek US to boost fuel supplies and lower prices before midterms.
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