Nation’s rig count continues to fall while Oklahoma remains steady

 

The Baker Hughes Co. in Houston reports the number of oil and gas rigs active in the U.S. fell again in the past week while Oklahoma continued with 10 working rigs, same as a week ago. The end result across the country—more oil and gas rigs are out of service—-and in storage.

Nationally, the count slipped by 5 to 253 working rigs, including a decline of oil rigs by one to 180. The number of gas rigs slipped by four to 71.

Comparatively, this past week’s count of 253 is down 701 from the 954 working rigs reported last year at this time, well before COVID-19 had its startling impact on the world of energy.

In the past year, the number of oil rigs fell by 599 while the total of gas rigs plunged 103.

Oklahoma’s count of 10 working rigs compares to 95 a year ago. In Texas, the count dropped by three to 104, more than four times below the 454 active rigs last year at this time.

Colorado continued unchanged with 5 working rigs while the Red Top Rig Report published by the Independent Oil and Gas Service in Wichita, Kansas reported the Kansas count dropped by four, leaving only four active rigs in the state,

Louisiana slipped one to 30, more than half of what the count was last year. New Mexico added a rig to reach 50 working rigs. A year ago, the state had 107 oil and gas rigs active.

North Dakota remained unchanged at 10 rigs while Wyoming continued with only one working rigs.

The Granite Wash in Oklahoma and the Texas Panhandle has no working rigs as does the Mississippian.

The Permian Basin dropped one to 124 working rigs, far below the 440 reported last year at this time. The Ardmore Woodford remained at one while the Arkoma Woodford has no reported activity, based on the report from Baker Hughes.

The D-J Basin in Colorado continued this week with four rigs. The Eagle Ford of South Texas increased the count by two to reach only 11 working rigs.

%d bloggers like this: