Geopolitics Alpha

U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline

Published . Updated .

ENERGYU.S. Rig Count Holds at 603 as OilDrilling Gains Offset Natural GasDeclineGEOPOLITICS ALPHA

This report is about natural gas and oilfield services.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-11.9% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • OIH VanEck Oil Services ETF+2.0% 30d

    VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story.

  • USO United States Oil Fund+9.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • EQT Eqt+2.5% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • SLB Slb N.V+5.3% 30d

    Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • LNG Cheniere Energy+18.9% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • HAL Halliburton+2.5% 30d

    Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNGNo price data for this ticker———————
XLE+0.88%-0.71%base+1.54%after closeafter closeafter close
OIH-2.51%+0.34%base+0.04%after closeafter closeafter close
USO+0.80%-2.73%base+1.28%after closeafter closeafter close
EQTNo price data for this ticker———————
SLBNo price data for this ticker———————
LNGNo price data for this ticker———————
HALNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline EnergyNow.com

Source: EnergyNow.com

United States Natural Gas Fund (UNG) since this story, compared with the market

CompanyWhenMoveStatus
Vaneck Vectors Etf (OIH)that day+0.04%still updating
Vaneck Vectors Etf (OIH)three days earlier+0.34%final price
Vaneck Vectors Etf (OIH)five days earlier-2.51%final price
United States Oil Fund (USO)that day+1.28%still updating
United States Oil Fund (USO)three days earlier-2.73%final price
United States Oil Fund (USO)five days earlier+0.80%final price
Select Sector Spdr Tr (XLE)that day+1.54%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.71%final price
Select Sector Spdr Tr (XLE)five days earlier+0.88%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

United States Natural Gas Fund (UNG) on one side of this energy story

Companies mentioned with this story

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    For “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

  • OIH Vaneck Vectors Etf

    Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline.” Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story

  • USO United States Oil Fund

    In “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • EQT Eqt

    In “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • SLB Slb

    Slb (SLB) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline.” Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

  • LNG Cheniere Energy

    In “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • HAL Halliburton

    Halliburton (HAL) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline.” Reason on file: Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

How energy news reaches United States Natural Gas Fund (UNG)

United States Natural Gas Fund (UNG) is the company in “U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline,” the 30 Oct 2026 Energy story.

For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

What this energy story puts on the calendar

OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. UNG traded between 9.11 and 11.43 across 20 sessions. The latest close on file is 9.19. XLE traded between 61.91 and 69.86 across 20 sessions. The latest close on file is 68.72.

A simple score for United States Natural Gas Fund (UNG)

46 out of 100Price not final

“U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.