How many oil rigs are there in the US?

As of October 2023, there are approximately 600 active oil rigs in the United States, according to data from the Baker Hughes rig count. This number can fluctuate based on market conditions, oil prices, and seasonal factors. The vast majority of these rigs are located in key oil-producing regions such as the Permian Basin in Texas and New Mexico. For the most up-to-date figures, it’s advisable to consult the latest reports from industry sources.