Rig Counts Tumble Nationally and in Oklahoma

Oil prices aren’t the only things falling this week. So are the rig counts in Oklahoma and across the U.S. according to the latest figures released by Baker Hughes Company of Houston, Texas.

Oklahoma’s count fell by three to reach 63, down from the 133 a year ago. Nationally, the count dropped by 12 to reach 464 working oil and gas rigs. In the past week, the oil rig count fell by 15 to reach 372 and the number of gas rigs rose by three to hit 92. In the past year, the nation’s oil and gas rig count fell by 584 from 1,048 and that includes a loss of 441 oil rigs and 141 gas rigs.

The offshore count for the U.S. increased by one in the past week to reach 28.

In Canada, the count fell by 14 to reach only 55 working oil and gas rigs. The number of oil rigs in Canada fell by one to reach eleven. The count of gas rigs slipped 13 to hit 44.

Of some of the oil and gas producing states, Texas dropped 8 rigs to reach 209 compared to the 462 it had last year at this time. North Dakota, despite being home to the oil-rich Bakken play, has only 31 working rigs, same as last week. Lousiana added two to reach 51 while New Mexico’s count increased by one to attain 14. In Kansas, only 7 working rigs are reported, a decline of one over the past week. Colorado has only 17 working rigs, same as a week ago.

Oklahoma’s various oil plays saw the Granite Wash activity remain at 8 while the Mississippian stayed at 7 working rigs. The Ardmore Woodford has only one working rig remaining after a decline of one on the past week. The Arkoma Woodford has three working rigs and that was the same count as last week.

The Eagle Ford in south Texas dropped four rigs to reach only 41. A year ago, there were 147 rigs in the Eagle Ford. The nation’s busiest oil play, the Permian Basin in west Texas and southeast New Mexico is down five more rigs, reaching a count of 147 compared to the 290 last year at this time.