This week the Baker Hughes US Land Weekly Rig Report increased 1 rig to finish at 485 active rigs. The Permian added 2 rigs and the Rockies Other (Utah) added 1 rig, while the ArkLaTex and Eagle Ford region each lost 1 rig.
Over the last 7 weeks, the ArkLaTex rig count has decreased from a high of 54 rigs down to 47 rigs. Even though gas price has increased significantly over the last couple of months, this region that is dominated by gas drilling has seen a decrease in rig count. The Baker Rig Count does not show the detail of individual operators and this decrease could be the result of consolidation in the region.
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| Figure 1: Baker Hughes US Land Weekly Rig Count - August 21 2021 (Source: Baker Hughes) |
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| Table 1: Baker Hughes US Land Weekly Rig Count by State - August 21 2021 (Source: Baker Hughes) |
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