World Oil & Gas Rig Count

The dataset tracks weekly oil and gas rig activity across the Gulf of Mexico, Louisiana, and Texas from late 2024 through late 2025. Activity begins with moderate variation—Gulf of Mexico rigs fluctuate between 5 and 6 through early summer 2025, while Louisiana and Texas remain relatively stable. A gradual strengthening trend develops mid-year, with the Gulf climbing to 7 rigs and Texas to 8, signaling improving offshore momentum. This steadiness continues into early fall before a temporary dip occurs in late September and October. However, the final weeks show a strong rebound: by November 2025, Gulf of Mexico rigs rise to 8, Louisiana returns to 2, and Texas climbs to 10. These last data points highlight renewed drilling confidence and a clear upward shift in regional offshore activity heading into year-end, suggesting accelerating operational deployment and stronger energy market sentiment. Source: Baker Hughes