FX.co ★ U.S. Oil Rig Count Slips to 409, Signaling Potential Slowdown in Drilling Activity

The U.S. Baker Hughes Oil Rig Count has edged lower, with the number of active oil rigs declining from 412 to 409, according to the latest data updated on 13 February 2026. The modest drop suggests a slight pullback in drilling activity across the United States.

While the change is relatively small, shifts in the rig count are closely watched by energy markets as a near-term indicator of industry sentiment and potential future oil production. A lower rig count can point to more cautious investment decisions by producers, influenced by current price dynamics, cost pressures, or expectations for demand.

Investors and analysts will be monitoring upcoming rig data to determine whether this move marks the start of a broader trend or a short-term adjustment in U.S. oilfield activity.