FX.co ★ U.S. Baker Hughes Rig Count Edges Higher to 591, Signaling Modest Drilling Uptick

The U.S. Baker Hughes Total Rig Count inched up to 591, according to the latest data updated on 11 September 2026. This marks a slight increase from the previous reading of 588, indicating a modest pickup in drilling activity across the United States.

While the three-rig rise is relatively small in absolute terms, changes in the Baker Hughes rig count are closely watched by energy and financial markets as an early gauge of oil and gas sector momentum and potential shifts in future production. The move suggests that U.S. operators may be cautiously adding capacity in response to market conditions, though the scale of the increase points to a measured rather than aggressive expansion.