Baker Hughes Rig Count: U.S. Gains 12 New Rigs, Oklahoma Adds 4

Both the U.S. and Oklahoma saw big jumps in rig counts in the past week according to figures released by Baker Hughes.

Oklahoma’s count jumped by four to reach 136. A year ago, the state had only 59 working oil and gas rigs.

Nationally, the count grew by 12, reaching 952 active rigs. The nation’s count is up 512 from one year ago.

After a few weeks of leading in growth, Canada’s count dropped by 14 in the past week, falling to 175. Overall, Canada remains up by 94 since last year’s count of 81.

South central Oklahoma’s Cana Woodford play added four new rigs, reaching 63 working rigs. The Granite Wash area of western Oklahoma added two to hit 14. The Haynesville play in along the Texas/Louisiana border claimed two new rigs for a total of 43. Eastern Oklahoma’s Arkoma Woodford play grew by one to hit 10 working rigs.

The Permian Basin in Texas and New Mexico remains the nation’s biggest oil and gas play with 369 active rigs, down by one in the past week. The Mississippian play in northwestern Oklahoma also lost a rig to reach a new total of 6.

Of the active oil and gas states, Texas added two to hit 463. Louisiana also added two more rigs to reach 69. New Mexico’s count fell by one to reach 59. Kansas took a hit in active rigs, dropping by three from last week to reach 33, according to the Red Top Rig Report.

 

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