Slight increase in active rig counts across the US while Oklahoma is unchanged

 

The nation saw a slight increase of 10 oil and gas rigs in the past week to reach a total of 254  while in Oklahoma, the numbers were unchanged at eleven active rigs. The country’s storage yards are packed with rigs as energy companies realize the COVID-19 pandemic continues to cause layoffs, bankruptcies and something of a dormancy of the industry.

Baker Hughes Co. reported on Friday that the nation’s count included an increase of oil rigs by 11 to 183 while the number of gas rigs declined by one to 69. The increased count still leaves the U.S. total 662 fewer than the 916 rigs reported a year ago. The drop includes 571 fewer oil rigs and 93 gas rigs.

Oklahoma had 82 working rigs a year ago and has maintained a count of 11 for nearly a month. Texas added 8 to reach 108 working rigs compared to 446 a year ago.

The Red Top Rig Report published by the Independent Oil and Gas Service in Kansas said the Sunflower state’s rig count had increased slightly to 10, Colorado remained at five rigs while the state of Louisiana’s count grew by one to 32.

New Mexico added two rigs to reach 47 while a year ago, the state had 109 rigs. North Dakota’s count slipped by one to ten. Wyoming remained at one rig.

The Permian Basin in West Texas and southeast New Mexico added 10 rigs to reach 127 compared to the 434 drilling there last year at this time.

The Mississippian in Oklahoma and southern Kansas remains without a working rig, according to Baker Hughes based on its service contracts. The Granite Wash is unchanged with only one rig.

The Eagle Ford in South Texas dropped by two to 9 rigs. A year ago, the formation had 67 active rigs.

The D-J Basin in Colorado is unchanged at only four rigs. The Arkoma Woodford in Oklahoma saw no change with only one rig while the Ardmore Woodford remained empty of any rig activity.

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