Oil and gas rig numbers slide in Oklahoma

While the North American rig count held steady over the past week, the number of rigs active in Oklahoma dropped.

Oklahoma’s county fell by three to 50 working oil and gas rigs. A year ago, there were 120 rigs reported in the state, according to the Baker Hughes Co.

The national count remained unchanged at 790 while the number of oil rigs increased by one to reach 676 and the number of gas rigs fell by one to 111 rigs.

The North American count is still 259 below the 1,049 rigs reported a year ago. The number of gas rigs fell by 84 and oil rigs declined by 178 over the past year.

Oklahoma’s count of 50 rigs compares to 394 in Texas where the number declined by one. New Mexico added three to reach 112 rigs while North Dakota  remained at 52.

Colorado stayed at 22 and Louisiana continued with 52 rigs over the past week. Wyoming stayed at 23 rigs. The count in Kansas fell by two to 21 according to the Red Top Rig Report published by the Independent Oil and Gas Service in Wichita, Kansas.

The rig count in the Permian Basin slipped by one to 405 in West Texas and eastern New Mexico. The DJ Basin in Colorado stayed at 20 while the Eagle Ford in South Texas continued with 70 working rigs.

The Mississippian in Oklahoma and southern Kansas continued with only two working rigs. The Granite Wash stayed at only on rig. The Ardmore Woodford added a rig to reach 5 while the Arkoma Woodford has only one working rig after losing one rig in the past week.

The Williston in North Dakota remained at 53.

Source: Baker Hughes Co. & Red Top Rig Report

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