Oklahoma and US Rig Counts Grew in Past Week

Both Oklahoma and the U.S. start the July 4th week with a pickup in oil rigs.  Oklahoma added four in the past week to reach a working total of 58 while the U.S. count picked up 10 rigs to reach a total of 431, according to the latest figures provided by Baker Hughes Company of Houston, Texas.

Oklahoma’s count compares to 106 rigs reported a year ago. The national count shows an addition of eleven oil rigs, bringing the oil rig count to 341. The number of gas rigs fell by one to reach 89. The total of 431 is also the same amount the national count is down from a year ago when there were 862 working oil and gas rigs. Over the past year, the count included a drop of 299 oil rigs and 130 gas rigs.

The nation’s off-shore count stands at 19, a drop of two in the past week and ten over the last year. Canada’s rig count stayed at 76.

The oil plays involving Oklahoma and surrounding states saw no additions. But for the first time, there are no working rigs in the Ardmore Woodford. A year ago, the play at 7 working rigs. The Arkoma Woodford remained at two.

The Granite Wash stayed at 8 compared to the 15 a year ago. The Mississippian is still at four rigs while a year ago, the play had 19 rigs.

The Permian Basin in Texas and New Mexico dropped by four to reach 154.The Eagle Ford in south Texas dropped one to reach 33 working rigs.

Of surrounding states, Colorado added two to reach 19. Kansas remained at two. Louisiana added one to hit 42. New Mexico’s count dropped by one to reach 19. North Dakota is still at 26 and Texas added four to hit 198 rigs.oilrigok

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