Baker Hughes US Land Weekly Rig Report - August 27 2021

This week, the Baker Hughes US Land Rig Count increased by 5 rigs this week to finish at 490 active rigs. The Permian added 2 rigs, the Powder River Basin added 2 rigs and the MidCon added 1 rig.

After plateauing earlier in the summer, the US Land rig count has had a slow and steady crime over the last 12 weeks. Thee Permian Basin seen a flat rig count through earlier June and July but has increased steadily over the last 7 weeks. While most forecasts show flat or slow growth through 2022, the recent growth in rig count is very positive indication.

Figure 1: Baker Hughes US Land Rig Report - August 27 2021 
(Source: Baker Hughes)

Table 1: Baker Hughes US Land Rig Report by State - August 27 2021
(Source: Baker Hughes)