---
title: "Baker Hughes total rig count rises by +3 to 551"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286596917.md"
description: "Baker Hughes reports a total rig count increase of 3 to 551, though this is down 25 from last year. Despite the lower rig count, oil extraction may not be affected. Additionally, crude oil prices rose by 6.10% or $5.77 for the July contract this week."
datetime: "2026-05-15T17:15:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286596917.md)
  - [en](https://longbridge.com/en/news/286596917.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286596917.md)
---

# Baker Hughes total rig count rises by +3 to 551

The weekly Baker Hughes rig count data for the week shows total rigs increased 3 to 551. Compared to a year ago, that number is down 25. Lower rig count does not necessarily mean lower oil extraction.

The price of crude oil this week is up 6.10% or $5.77 for the July contract.

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