Rig counts are still falling across the U.S. and in Oklahoma, the number fell by 3 in the past week to reach 51. A year ago, Oklahoma had 144 active oil and gas rigs in the state.
Nationally, the count fell by 8 in the past week to 822. The number of oil rigs dropped by five to 691 while the number of gas rigs declined by 3 to 130. The U.S. count is 245 lower than the number reported one year ago this week when there were 1,067 oil and gas rigs. In the past year, the oil rig count has dropped by 183 while the number gas rigs is down 63.
Oklahoma’s rig count of 51 compares to 416 in Texas where the count dropped by two in the past week. A year ago, Texas had 533 active rigs.
New Mexico’s count dropped by two to 108. North Dakota remained unchanged at 52. Colorado’s count dropped by one to 24 while Louisiana added two to reach 56. Wyoming remained at 32.
The Red Top Rig Report from the Independent Oil and Gas Service in Wichita reported the Kansas rig count was down one to 29. The state had 40 a year ago.
The Granite Wash play in western Oklahoma and the Texas Panhandle has no active rigs pursuing new energy. It is the first time in many months since the GW was void of any rig activity.
The Mississippian in Oklahoma and Southern Kansas dropped by one rig and has only two this week. The Ardmore Woodford remained at one rig while the Arkoma Woodford stayed at three.
The Permian Basin lost one rig to hit 416. The Williston in North Dakota remained at 53. The Eagle Ford in South Texas stayed at 63.