Oklahoma and regional states continued to lose active oil drilling rigs as a result of the energy slump, according to Baker Hughes Incorporated. Oklahoma lost three more rigs to reach a level of 70 this week, almost half in comparison to the 139 rigs it had one year ago.
Most of the surrounding states also lost rigs. The Baker Hughes report also revealed Texas was down four rigs and Colorado was down two while North Dakota was down three.
The number of active U.S. oil drilling rigs fell for an 11th week in a row, down by eight to 392 as of Friday. The total active U.S. rig count, which includes natural gas rigs, was down 13 to 489. The lowest count for total U.S. rigs was 488 from April 23, 1999.
The U.S. is down to 1,192 rigs, a loss of 703 rigs from last year. This accounts for 530 oil rigs, 171 gas rigs and two miscellaneous rigs.
Most of the surrounding states also lost rigs. The Baker Hughes report also revealed Texas was down four rigs and Colorado was down two and New Mexico was down one. North Dakota reflected a loss of of three rigs for the last week.
The Granite Wash in western Oklahoma and the Texas panhandle added a rig, now up to a total of ten this week but less than the 32 rigs it had last year. The Mississippian basin in northern Oklahoma and Kansas was down one rig for a total of seven in comparison to the 44 rigs in operation a year ago. The Permian basin in west Texas and southeast New Mexico was down six rigs last week for a total of 158, which is a loss of over half of the 333 rigs that were operated last year.
Canada’s rigs were also down by 46 from last week to 129. Overall, Canadian rig count is down 171 rigs from last year at 300.
