Decline continues in oil and gas rig numbers in Oklahoma

 

Oklahoma continues to see a decline in the number of active oil and gas rigs as the latest figures from Baker Hughes Co. show 85 active rigs, down one from a week ago.

A year earlier, the state had 140 active rigs. Nationally, the count increased by one to reach 935 rigs, down 122 from a year ago when there were 1,057 rigs seeking new energy.

The numbers in the past week include an addition of 6 oil rigs making a total of 770 while the number of gas rigs declined by 4 to 165.

Texas saw a drop of 4 rigs to 450. The Red Top Rig Report from the Independent Oil and Gas Service in Wichita, Kansas indicated Kansas has 34 active rigs, three more than a week ago. A year ago, Kansas had 44 active rigs and this week had 174 inactive rigs.

Colorado’s count remained at 32 while Louisiana added 3 to reach 62. New Mexico continues adding rigs in its Permian Basin and has 111 rigs, two more than last week. North Dakota’s count rose by one to 48. Wyoming also added one rig to reach 37.

Of the oil plays, the Permian Basin has a total of 441 rigs in Texas and New Mexico, three fewer than a week ago. The Mississippian in Oklahoma and Kansas has only 2 working rigs, same as a week ago.

The Granite Wash in Western Oklahoma and the Texas Panhandle has only four working rigs, down eleven from one year ago and same as a week ago.

The DJ Basin in northern Colorado added a rig to reach 30. The Eagle Ford in South Texas saw an increase of one to reach 67 working rigs. The Williston in North Dakota grew by one to reach 48.

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