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U.S. Rig Count Holds Steady as Oil Prices Surge

Source: OilPrice.com

CEII brief

OilPrice.com reported on 23 Oct 2026: U.S. Rig Count Holds Steady as Oil Prices Surge.

The total number of active drilling rigs for oil and gas in the United States remained unchanged for the second week in a row this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 53 from this same time…

— OilPrice.com
Read the full story on OilPrice.com

Context from CEII

Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.

39.6% of electricity in United States came from gas in 2025

Countries in this story

Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.

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