Drilling & Completions News
Latest drilling & completions coverage from Oil Authority and industry sources
Oil Authority Analysis18 articles
Baker Hughes US Oil Rigs Unchanged at 433 as Gas Drilling Climbs 10 Percent Year on Year
Baker Hughes US oil rigs held at 433 for a second week as gas rigs climbed 10 percent year on year to 122, signaling a rotation toward LNG plays.
Baker Hughes: US Oil Rigs Rise to 433 as Total Count Slips to 562, Permian Holds 77 Percent Oil Share
US oil rigs rose to 433 in the Baker Hughes June 12 count as WTI settled at $84.88. North America stood at 732 total rigs on June 5, up 59 year over year.
Diamondback Declares Green Light for Permian Expansion as Dallas Fed Confirms Shale Cannot Close the Hormuz Gap
Diamondback raised Permian guidance to 520,000 bpd and added three drilling rigs, as Dallas Fed's Logan warns shale growth covers under 3% of the Hormuz gap.
Diamondback and ConocoPhillips Add Permian Rigs as Baker Hughes US Count Hits 563
Baker Hughes counts 563 active US rigs on June 6, as Diamondback and ConocoPhillips add Permian capacity amid the ongoing Iran supply shock.
US Oil Rigs Rise to 431 as Baker Hughes Weekly Count Hits 563 for June 5, Permian Basin Holds at 242
Baker Hughes counted 431 active US oil rigs for June 5, up 23 rigs in five weeks, as the Permian Basin holds at 242, down 16% from a year ago.
Baker Hughes June 5 Count: US Oil Rigs Rise to 431 as Permian Leads Despite WTI Settling at $90
US oil rigs rose to 431 this week and gas rigs fell to 124, as ExxonMobil anchors 34 Permian rigs with WTI settling at $90.20 per barrel on Friday.
Permian Claims 45% of US Rigs as Baker Hughes Count Rises to 562, Canada Surges 24
The US rig count climbed to 562 this week with all gains driven by the Permian Basin. Canada surged 24 rigs to 162 as spring break-up recovery accelerates.
US Oil Rigs Add 10 to 425 in Biggest Weekly Jump Since 2022
US oil rigs added 10 to 425, the largest weekly gain since the 2022 Russia shock, as Permian operators chase $98 WTI ignited by Hormuz disruptions.
Baker Hughes Rigs Fall as Shale Holds Capex Line
US rig count slides for an eighth straight week as Permian operators ignore $97 WTI. Diamondback flags productivity gains, capex restraint locks in.
Diamondback Plans 30 Permian Rigs as Shale Discipline Cracks
Diamondback CEO retires the stoplight, predicting 30 new Permian rigs by year-end. ConocoPhillips and Continental signal similar moves as WTI holds $102.
US Rig Count Reaches 548 With Permian at 242 as WTI Settles $95.46, Drillers Defy Six Percent Weekly Crude Slide
Baker Hughes reports 548 active US rigs with Permian at 242 as WTI settles $95.46 per barrel, three-week drilling build defies a 6% weekly crude slide.
US Rig Count Climbs to 547 But Permian Holds 242, Down 47 Year on Year as Shale Defies WTI at $101.94 and Hormuz Crisis
Baker Hughes US rig count rose 3 to 547 on May 1 but Permian held flat at 242, down 47 year on year despite WTI at $101.94 and Hormuz still shut.
North America Rig Count Falls for 7 Straight Weeks to 680 as Eagle Ford, Cana Woodford Lead Losses and Capital Discipline Holds
North America Rig Count Falls for 7 Straight Weeks to 680 as Eagle Ford, Cana Woodford Lead Losses and Capital Discipline Holds. North America's oil and gas.
North American Rig Count Falls to 690 as Canada Sheds 11 Units in Early April 2026
North American Rig Count plunges to 690 as Canada Sheds 11 Units in Early April 2026. The North American rig count slipped to 690 in the week ending April 4.
Baker Hughes Releases April 2 Rig Count Early for Good Friday: US Adds 5 Rigs to 548 as Texas and New Mexico Lead Q2 Recovery
Baker Hughes Releases April 2 Rig Count Early for Good Friday: US Adds 5 Rigs to 548 as Texas and New Mexico Lead Q2 Recovery. Oklahoma was unchanged.
CAOEC Projects 5,709 Wells for Canada in 2026 as Early Spring Breakup Compresses Q1 Programs and Permian 3-Mile Laterals Set Records
CAOEC Projects 5,709 Wells for Canada in 2026 as Early Spring Breakup Compresses Q1 Programs and Permian 3-Mile Laterals Set Records.
North America Rig Count Falls to 729 as Shale Operators Hold Capital Discipline Near $100 WTI
North American drilling activity fell to 729 active rigs in the week ending March 20, 2026, down 21 rigs week-over-week, according to the latest data from Ba...
Permian Basin Produces More With Fewer Rigs as U.S. Crude Output Targets 13.6 Million Barrels Per Day
Permian Basin Produces More With Fewer Rigs as U.S. Crude Output Targets 13.6M bpd. Oil-directed rigs stood at 412, while gas-directed units numbered 133.