The number of rigs running in the U.S. rose by five in the last week to 826 as of July 13, according to Enverus Foundations data.
The count is up 2% in the last month and up 56% YOY. The count reached as high as 836 in the last week, an increase of four rigs over the prior week’s peak.
The Gulf Coast added the most rigs on a peak-to-peak basis in the last week with four more rigs bringing its total to a 2022 high of 118. The last week’s DJ and Permian peaks of 22 and 309 were each up by two from the previous week’s high points. The DJ hit a 2022 high, while the Permian is seven rigs off its YTD high recorded May 22 and is the only basin that hasn’t notched a new high in July.
Three basins had declines in their peak rig counts last week compared to the prior week: the Appalachian dropped by four to 56 rigs, the Williston was down by three to 42, and the Anadarko was down by two to 73.