Nation’s rig count falls more while Oklahoma remains steady

 

The number of oil and gas rigs in the U.S. declined by 5 in the past week, falling to 258 while the number in Oklahoma remained at 10 working rigs.

Baker Hughes Co. in Houston reported the national rig count included a decline of four oil rigs leaving 181 active while the number of gas-drilling rigs fell by one to 75. The 258 active rigs is 700 fewer than the 958 working rigs reported one year earlier.

In the past year, the decline in working rigs included a drop of 603 oil rigs and 97 gas rigs.

Oklahoma’s current number of working rigs is 10 which is the same as one week ago and also 88 fewer than the number of one year earlier. Texas reported a decline of 5 rigs in the past week, leaving 107 actively pursuing new sources of oil and gas, far below the 456 from a year ago.

Colorado’s count is unchanged this week at five rigs while Louisiana remained at 31. New Mexico’s count increased by one to reach 49 compared to the 102 it reported last year at this time. Wyoming has one working rig while the Red Top Rig Report published by the Independent Oil and Gas Service says Kansas saw an increase of three, leaving 8 working rigs in the state.

Oklahoma’s Mississippian and Granite Wash plays continue with no working rigs, at least according to Baker Hughes Co.  The Permian Basin in West Texas and southeast New Mexico has 125 active rigs, down one in the past week. A year ago, the Permian had 437 active rigs.

Oklahoma’s Ardmore Woodford has only one rig while the Arkoma Woodford is void of any active rigs.

Colorado’s D-J Basin is unchanged with four rigs while the Eagle Ford in South Texas saw its count drop by two, leaving 9 rigs at work.

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