National Rig Count Plunges by 21, No Loss in Oklahoma Count

While Oklahoma’s oil and gas rig count remained steady at 102 this week, the national count plummeted by 21 to reach 991, with all but one being land rigs. Compared to a year ago, the U.S. count is 30 less than the 1,021 reported last year.

Results from Baker Hughes Co. and the Independent Oil and Gas Service revealed that Texas had the biggest drop in rig count, down by 9 to 491 compared to a week ago. Texas has lost 22 rigs since last year’s total of 513.

Canada’s rig count dropped by 3 to reach 63 active rigs.

Although Oklahoma remained stationary this week, the Sooner State has lost 31 rigs since last year’s total of 133.

Colorado added a rig to hit 32. Colorado has added 4 rigs since last year. New Mexico lost one rig this week to reach 104. New Mexico has shown the greatest increase in working rigs for the surrounding states, adding 17 since last year’s total of 87. It now ranks second behind Texas in land rigs. North Dakota’s count slipped by 3 this week to reach 58. Last year, North Dakota had 55 active rigs.

Kansas now has 31 rigs, adding three since last week’s total of 28, according to the IOGS/Kansas Red Top Rig Report. Kansas had 40 active rigs a year ago.

The Eagle Ford in South Texas took the largest hit, losing 4 rigs and dropping to 73. The Permian Basin in Texas closely followed with a loss of 3 to reach 460. It remains as the area with the highest concentration of active rigs. The Williston play slipped by 3 to reach 58 while the Cana Woodford dropped by 2 to hit 46. The Marcellus, Haynesville and Colorado’s DJ-Niobrara plays remained steady with no change in active rig count. The Mississippian added 2 rigs this week.

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