Rig counts fell across the U.S. but grew in Oklahoma in past week

Another drop in the number of oil and gas rigs was recorded in the U.S. in the past week while Oklahoma’s count grew by one to reach 98.

Nationally, the U.S. count fell by 5 to 958. The number of oil rigs fell by 4 to 784 while gas rig numbers declined by 2 to 172. Compared to a year ago, the national count is 96 fewer than the 1,054 working oil and gas rigs reported last year.

Oklahoma’s count of 98 compares to 141 rigs a year ago.

The count in Texas declined by 7 to 456 while New Mexico remained unchanged at 102. Louisiana added one to reach 69 while Colorado’s count grew by two to reach 32. The count in North Dakota remained at 55. Wyoming’s rig count continued at 32.

In Kansas, the count fell by one to 30 according to the Red Top Rig Report published by the Independent Oil and Gas Service. The Service also indicated the number of drilling permits issued in Kansas so far in 2019 is 495 compared to 885 a year ago.

 

Of the oil plays, the Granite Wash remained at four while the Mississippian continued with two working rigs. The Woodfords stayed at 8.

The Eagle Ford in south Texas dropped 5 to 66. The Permian Basin fell by six to 437 and the Williston in North Dakota stayed at 55.

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