Oil and Gas Rig Count Remains Steady in Oklahoma but Nation Saw Growth in Past Week

Reports by energy groups show the number of oil and gas rigs in the U.S. rose by 6 in the past week to reach a level of 929. Oklahoma’s count remained at 122, the same as one week ago.

The Baker Hughes Rig report indicated the number of oil rigs rose by 2 to reach 749. Gas rigs grew by 4 to hit 180. In the past year, the nation’s rig count rose 332 from 597. Of the 929 rigs this week, 792 were horizontal wells being drilled while 66 were vertical well rigs.

Over the past week, Canada saw an increase of 7 to hit 222.

Oklahoma’s count of 122 compares to 454 in Texas where there was an increase of four rigs over the past 7 days. North Dakota’s count grew by one to reach 47 while the number of rigs in Kansas reached 35, an increase of one. The Kansas count was provided by the Red Top Rig Report from the Independent Oil and Gas Association.

Colorado’s count slipped by one to 36. Louisiana also fell by one to 62. New Mexico added one to hit 70 active rigs.

Of the oil plays, the Permian Basin remains the most active with 397, an increase of 4 in the past week. The Eagle Ford in South Texas remained at 67. The Mississippian in Oklahoma added one to reach 6. The Granite Wash remained at 10 rigs. The Woodfords in Oklahoma remained at 9 compared to 5 one year earlier.


%d bloggers like this: