US Rig Count Hits 563, Marking Eighth Gain in Nine Weeks
According to a Reuters report via BOE Report, US energy companies added rigs for the eighth time in nine weeks, pushing the total oil and gas rig count up one to 563 for the week ending June 18. The total now sits nine rigs, or 2%, above the same period last year. Oil rigs held steady at 433, while gas rigs climbed one to 122.
What It Means for Subcontractors
- Sustained rig count growth over nine weeks signals real, building demand for drilling services, wellsite construction, and completions work across US basins.
- Gas rig gains, driven by data center power demand and LNG export growth, point to incremental activity in gas-heavy plays where pipeline and midstream subcontractors operate.
- After three straight years of rig count declines, according to Baker Hughes historical data (down 20% in 2023, 5% in 2024, and 7% in 2025), this streak suggests operators are cautiously rebuilding activity, giving service companies more runway to price work and staff up.
