US Rig Count Rises To 588, Extends Longest No-Drop Streak Since 2022
Baker Hughes counted 588 active US rigs on July 17, up seven from 581 and 44 more than a year earlier.
- The total climbed to 588 rigs, a net gain of seven from the prior week's 581.
- It marks the longest run without a weekly decline in the US rig count since 2022.
- US rig activity now sits 44 rigs above the count from July 18, 2025.
Why it matters: A rig count creeping up a handful at a time is hedging against price, not wagering on it.
Baker Hughes North America Rig Count ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check