U.S. Rig Count Slips by Eight as Oklahoma is Consistent for the Week

The latest weekly oil and gas rig count revealed a decline for the nation while Oklahoma remains unchanged from last week, according to Baker Hughes Company of Houston, Texas. Oklahoma’s count was steady in the past week to remain at 130 compared to 65 just one year ago. The nation’s rig count dropped by eight to reach 936, up by 430 from a total of 506 over a year ago.
Canada’s rig count continues to improve with ten new rigs added in the past week, reaching 212. Last year, Canada had only 132 active rigs.
While Oklahoma’s rig count was stagnant, several other states lost rigs this week. Texas fell by three to reach 452. Louisiana also lost three for a new total of 62. The rig count in New Mexico slipped by one to reach 67 while the rig count in North Dakota also dropped by one to reach 52. Colorado and Kansas lost one rig each this week with both states maintaining 35 active rigs.
Of the various oil plays, only one had growth. The Marcellus play gained a rig for a total of 47 active rigs. The Cana Woodford stayed lost three to maintain 64 working rigs. The Eagle Ford play dropped by one to reach 71 The Permian Basin in west Texas slipped by two to reach 380 active rigs. The Williston play lost one rig to hit 52 rigs while the D-J Niobrara in Colorado fell by one for a new total of 28.

 

%d bloggers like this: