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U.S. Rig Count Rises as Hormuz Transit Resumes

Last updated: June 30, 2026 | Reading Time: 2 minutes
The total number of active drilling rigs for oil and gas in the US rose to 573 this week, up 26 from a year ago, according to Baker Hughes.

U.S. oil and gas drilling activity increased in the latest weekly report, according to OilPrice.com, citing Baker Hughes data released Friday. The total U.S. rig count rose to 573, which is 26 higher than the same period last year. Oil rigs increased by seven to 440, while gas rigs rose by three to 125. Miscellaneous rigs were unchanged at eight.

The report also noted that U.S. crude output averaged 13.819 million barrels per day for the week ending June 19, up slightly from 13.806 million barrels per day the prior week and 384,000 barrels per day above year-earlier levels. Completion activity was steady, with Primary Vision’s frac spread count unchanged at 192 crews. In key producing regions, the Permian Basin added two rigs to reach 258, while the Eagle Ford held at 44.

For readers tracking factors affecting oil prices and oil and gas royalties, the data offers a snapshot of U.S. supply activity as markets also watch shipping conditions around the Strait of Hormuz. OilPrice.com reported Brent at $71.90 per barrel and WTI at $69.43 during Friday trading.

Source: OilPrice.com
Read the full original article here

Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
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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