Rig Count: Oklahoma Adds 3, U.S. Rises by 8

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

Oklahoma’s count jumped by three to reach 134. A year ago, the state had only 60 working oil and gas rigs.

Nationally, the count grew by eight, reaching 958 active rigs. The nation’s count is up 456 from one year ago.

Canada continued to show rapid growth by adding 14 new rigs in the past week, jumping to 220 active rigs. Overall, Canada remains up by 101 since last year’s count of 119.

The Permian Basin in Texas and New Mexico remains the nation’s hottest oil and gas play with 379 active rigs, up by five in the past week. South central Oklahoma’s Cana Woodford added four rigs to reach a new total of 63. The Marcellus play gained one rig for a total of 46. The Utica area added one new rig to reach 29 active rigs. The Granite Wash area of western Oklahoma gained a rig for a total of 15. The Barnett play also gained a rig for a total of seven. The Mississippian play in northwestern Oklahoma gained a rig to reach a new total of six. Two areas lost rigs this week. Eagle Ford dropped by two for a new total of 76 while the DJ-Niobrara play fell by one to reach 29.

Of the active oil and gas states, New Mexico had the best growth of the week, adding four new rigs to hit 61. The count for Texas fell by one to reach 462. Louisiana also added one more rig to reach 72. Kansas took a hit in active rigs, dropping by two from last week to reach 36, according to the Red Top Rig Report.

 

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