National rig numbers drop again while Oklahoma holds steady

 

Oklahoma maintained its rig count at 10 in the past while the nationwide oil and gas rig numbers dropped by two to reach 263 according to the latest service figures released by Baker Hughes Co.

A year ago, Oklahoma had 97 active rigs. Nationally, the drop in rigs in the past week included the number of oil rigs declining by three to 185.  The number of gas rigs increased by one to 76.

The U.S. count is now down 700 from a year ago when there were 963 active rigs. The decline in the past year includes 600 oil rigs and 98 gas rigs.

Oklahoma’s count this week compares to 112 in Texas where a year ago there were 463 rigs. Colorado is unchanged at only 5 working rigs while Louisiana declined by one to 31.

The number of rigs in Kansas dropped by 50% in the past week, declining from 10 to 5 according to the Red Top Rig Report published by the Independent Oil and Gas Service in Wichita.

New Mexico’s count dropped by two to 48 while North Dakota stayed unchanged at 10. After a week of no rig activity, Wyoming last week added one rig.

Oklahoma’s Ardmore Woodford has one working rig while the Arkoma Woodford has none. The D-J Basin in Colorado has four rigs while the Eagle Ford in South Texas has eleven rigs.

Both the Granite Wash and the Mississippian plays in Oklahoma continue without any rig activity. The Permian Basin saw a drop of 5 rigs to 126.

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