About Buy us oil and gas drilling rig count cost
Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs.
Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs.
Over the past month, oil prices have steadily dropped. Prices closed at $70.00 on July 30th. From there, prices fell to a low of $61.77 on August 19th. Prices closed at $63.25 on August 26th. The August 22nd Baker Hughes rig count report shows a drop in the active rig count. Baker Hughes reports.
Here’s a table comparing the costs to buy new, buy used and rent a drilling rig in 2025: The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals cost $15,000-$100,000 per day, while offshore rigs are more.
Data made available by Baker Hughes. Click for U.S. Frac Spread Count. (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) (Wk./Wk.) U.S. Rig Count current and historical data, updated every Friday. Data made available by Baker Hughes.
Recent public domain values and historical graphs of USA oil and natural gas rotary drilling rig counts, spot prices, and production rates follow. Images link to enhanced vector-pdfs and may be reproduced without notice. Run date — Wed September 3, 2025 5-years.rigs/price auto-min scales.
Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.
The cost of drilling rigs varies depending on a few factors, including but not limited to the type and size of the rig. But that’s not all. The price of a rig is closely tied to its design and purpose. To better understand the differences between types of drilling rigs and their specific uses.
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