Rig Counts Increase in Oklahoma and the U.S.

The number of oil and gas rigs in Oklahoma and across the U.S. increased in the past week.  Oklahoma’s count went up by 2 to reach 128 while the national count increased by 5 to hit 1,008.

The number of oil rigs nationally increased by 7 to hit 815 while the total in gas rigs fell by 2 to reach 192. Nationally, the past week’s count was 161 more than the 847 rigs reported one year ago.

Oklahoma’s count compares to the 501 rigs reported in Texas where the count increased by 3 in the past week.  The count in New Mexico dropped by one to 89 while North Dakota’s count remained at 54. The count in Louisiana grew by one to 57 while Colorado’s count jumped one to hit 31. In Kansas, the count grew by one to hit 40 rigs.

Of the oil plays, the Permian Basin remains the King, with 445 working rigs, an increase of one in the past week. The Mississippian stayed at 2 while the Granite Wash did the same with a count of 12. The Eagle Ford in south Texas added two to hit 75 and the Woodfords in Oklahoma added one to reach 9 working rigs.

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