Tool Link: https://www.pointerminerals.com/rig-count
We built this rig count tracker to visualize how active US oil rig counts have changed over time, both nationally and by oil-producing basin. Despite elevated oil prices, rig counts have kept trending down and are now at historic lows for a high-price environment — a real break from the historical relationship between price and drilling activity. On our other data pages you can see that US production is at an all-time high, but growth is beginning to slow down and approach a plateau. Hopefully others find this interesting!
Data sources: Baker Hughes and EIA
Tools used: Recharts