U.S. Oil Rig Count Unchanged at 411 -- Market Talk

Dow Jones01-31 02:26

1326 ET - The number of rigs drilling for oil in the U.S. is unchanged this week at 411, and down by 68 from a year ago, oil services company Baker Hughes reports. Rigs directed at natural gas rose by three to 125, or 27 more than a year earlier. U.S. oil production remains near record levels thanks to well efficiency, averaging 13.7 million barrels a day in the four weeks through Jan. 23, according to the latest weekly data from the EIA. Production likely fell this week, however, as winter storm Fern led to freeze-offs in oil and gas wells. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

January 30, 2026 13:26 ET (18:26 GMT)

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Production likely fell this week, however, as winter storm Fern led to freeze-offs in oil and gas wells. 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Rigs directed at natural gas rose by three to 125, or 27 more than a year earlier. U.S. oil production remains near record levels thanks to well efficiency, averaging 13.7 million barrels a day in the four weeks through Jan. 23, according to the latest weekly data from the EIA. Production likely fell this week, however, as winter storm Fern led to freeze-offs in oil and gas wells. 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Rigs directed at natural gas rose by three to 125, or 27 more than a year earlier. U.S. oil production remains near record levels thanks to well efficiency, averaging 13.7 million barrels a day in the four weeks through Jan. 23, according to the latest weekly data from the EIA. Production likely fell this week, however, as winter storm Fern led to freeze-offs in oil and gas wells. 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