U.S. Oil Rig Count Falls to 407 -- Market Talk

Dow Jones

02/28

The number of rigs drilling for oil in the U.S. fell by two this week to 407, and was down by 79 from a year ago, oil services company Baker Hughes reports. Natural gas rigs edged up by one to 134, or 32 more than a year ago. The EIA forecasts U.S. oil production this year to hold steady at 13.6 million barrels a day on average. But the slowdown in drilling activity due to lower oil prices is expected to have an effect on output in 2027, when the agency sees production falling to 13.3 million barrels a day. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

February 27, 2026 13:33 ET (18:33 GMT)

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Natural gas rigs edged up by one to 134, or 32 more than a year ago. The EIA forecasts U.S. oil production this year to hold steady at 13.6 million barrels a day on average. But the slowdown in drilling activity due to lower oil prices is expected to have an effect on output in 2027, when the agency sees production falling to 13.3 million barrels a day. (anthony.harrup@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2026 13:33 ET (18:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211331839.USD","symbol_name":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2614869989","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614869989","pubTimestamp":1772217180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The number of rigs drilling for oil in the U.S. fell by two this week to 407, and was down by 79 from a year ago, oil services company Baker Hughes reports. 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