Rig numbers were mixed in past week but still below a year ago

The nation’s oil and gas rig count remained unchanged in the past week while the number of active rigs in Oklahoma increased by 2 to reach 102.

But the impact of lower oil prices is still reflected in oil and gas producing states as many have significantly dropped in the past year.

One year ago, Oklahoma had 140 active rigs compared to the 102 drilling in the past week. The nation’s count is down 80 from last year when there were 1,047. This past week saw 967 active rigs, with an addition of 4 oil drilling rigs to reach 793 while the number of gas drilling rigs dropped 4 to 173.

However, the number of oil rigs is down 65 while the number of gas rigs fell 14 compared to a year ago according to the latest figures from Baker Hughes Co.

The rig count in Texas was 464 in the past week, one higher than a week earlier. It compares to the 530 rigs active one year ago.

Colorado had a drop of 2 to 29 in the past week while Louisiana added 2 to hit 72. New Mexico’s count fell by one to 99. North Dakota dropped one to 55. Wyoming added a rig to reach 32.

Kansas added 2 rigs to reach 28, down 19 from a year ago, according to the Red Top Rig Report published by the Independent Oil and Gas Service.

The number of rigs in Oklahoma’s Woodford plays was 8 and unchanged from the previous week. The Granite Wash in western Oklahoma dropped two to reach 4. The Mississippian had only two active rigs after dropping one in the past week.

The D-J Basin in northern Colorado and southern Wyoming dropped two to 26. The Eagle Ford in south Texas slipped by two to 71.

The Permian basin added two to hit 441, still below the 474 rigs reported last year at this time. The Williston in North Dakota dropped one to 55.

%d bloggers like this: