Tag: Baker Hughes

ENB Weekly Rig Report: Modest Stability With Year-Over-Year Gains as We Compare Baker Hughes, Enverus, and WellDatabase

Clark Savage22

As of mid-to-late October 2026, U.S. drilling activity shows modest weekly stability or small gains depending on the source, set against a solidly higher year-over-year base. Oil-directed activity continues to dominate; the Permian remains the clear leader, and inventory data point to tighter crude and gasoline stocks alongside a distillate build that still leaves supplies […]

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ENB Weekly Rig Count Comparison of Baker Hughes, Enverus and WellDatabase — Rigs Are Up

Clark Savage47

As of mid-October 2026, U.S. drilling activity continues to firm. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year from 547). WellDatabase’s U.S. Rig Report dated 10.14.2026 showed 608 total rigs (up 6 week-over-week and up 52 year-over-year). Enverus’ […]

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Weekly Rig Report: Baker Hughes Flat at 588, WellDatabase at 601 After a North Dakota Reclass, Enverus Still Running Higher

Clark Savage163

The three major U.S. rig tallies are telling the same structural story and three different weekly headlines. Baker Hughes held unchanged at 588 for a second straight week. WellDatabase printed 601, down 30 week over week but up 23 year over year. Enverus’s GPS-based daily count continues to run well above both weekly censuses, last […]

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US Rig Count Up Slightly This Week as We Compare Baker Hughes, Enverus, and WellDatabase

Clark Savage258

U.S. oil and gas drillers posted a modest weekly gain according to the industry’s most widely followed benchmark, while production continues to hold near record levels. This points to ongoing capital discipline even as output edges higher. The Latest Rig Counts Baker Hughes reported the U.S. rotary rig count rose 5 week-over-week to 593 for […]

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Calls for Oil Glut May Not Consider Realistic Oil Movements and Exploration

Clark Savage103

Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]

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