The oil and gas rig count dropped even more in Oklahoma and the rest of the U.S. in the past week with only 9 rigs drilling in the state. It means more drilling rigs are in storage as the oil and gas industry awaits a turnaround in activity following depressed numbers caused by the coronavirus and OPEC’s oil fight.
The U.S. count, according to Baker Hughes, dropped by 13 to 266 while Canada’s total nationwide count slipped by four to 17.
In the U.S., the number of active oil rigs fell by 10 to 189 while the number of gas rigs dropped by three to 75. It means the nation’s rig count is down 701 from a year ago when there were 967 active rigs. The decline in the past year included 600 oil rigs and 102 gas rigs.
Oklahoma’s count slipped by one in the past week, leaving only 9 rigs compared to 100 a year ago. The number of rigs in Texas declined by three to 111 while a year ago, the state had 463 oil and gas rigs.
Colorado remained at six while Louisiana’s count fell by two to 32. The number dropped by five in New Mexico leaving 51 rigs compared to the 100 a year ago. The Red Top Rig Report published by the Independent Oil and Gas Service stated that there are 9 active rigs in Kansas, down two from a week ago.
North Dakota has only ten active rigs, a drop of one in the past week. A year ago, the state had 56 rigs.
Wyoming remained at only one active rig.
Both the Granite Wash and the Mississippian oil plays are without any active rigs reported by Baker Hughes. The Ardmore Woodford remained at one rig while the Arkoma Woodford’s count fell by one, leaving none drilling in the formation.
The Permian Basin in Texas and New Mexico reported a decline of 5 rigs leaving 132 while a year ago, there were 439 active rigs.
The D-J Basin in Colorado remained at five rigs and the Eagle Ford in South Texas dropped by two to only eleven rigs.