Only ten oil and gas rigs are active in Oklahoma this week and the nation’s rig count dropped by 5 more leaving only 279 rigs drilling for new energy. It means more rigs were put into storage as the coronavirus pandemic and the oil price crisis continue to leave a struggling oil and gas industry.
Baker Hughes reported Oklahoma’s count dropped by one in the past week, leaving only ten active rigs while one year ago, the state had 101 active drilling rigs.
Nationally, the count is down to 279 compared to the 969 reported last year at this time. In the past week, the U.S. count of oil rigs declined by 7 leaving 199 in service while the number of gas rigs grew by two to reach 78.
But the U.S. count is till down 690 from the 969 last year including a drop of 589 oil rigs and a decline of 103 gas rigs.
Canada’s rig count remained at 21 in the past week.
Texas saw a decline of one rig in the past week leaving only 114 rigs active compared to the 467 reported a year ago.
New Mexico’s count, which was 101 a year ago, dropped by two more in the past week leaving 56 rigs in active service. North Dakota’s count of 56 last year at this time dropped by another rig in the past week leaving only eleven in service.
Colorado’s count is unchanged at six. Kansas recorded an increase of seven rigs to reach a total of eleven this week according to the Red Top Rig Report published by the Independent Oil and Gas Service of Wichita, Kansas.
Wyoming has only one rig in service, unchanged from a week ago while a year ago, there were 31 active oil and gas rigs.
The Permian Basin saw a decline of four rigs leaving 137 drilling for new energy in West Texas and southeast New Mexico. A year ago, there were 441 rigs drilling in the Permian.
The Ardmore Woodford in Oklahoma is unchanged with only one rig and the Arkoma Woodford is the same with one rig.
The D-J Basin in Colorado remained at five rigs while the Eagle Ford of South Texas is unchanged with only 13 active rigs.
The Granite Wash in Oklahoma and the Texas Panhandle lost its only active rig in the past week, leaving no rigs in service.
The Mississippian in Oklahoma and southern Kansas remained void of any active rigs.
