Oklahoma’s rig count held while nationally the numbers grew in past week

 

The numbers are still dismal and representative of what the COVID-19 pandemic has done to the oil and gas industry, but Oklahoma’s rig count held steady at 11 in the past week. Nationally, the count of active oil and gas rigs grew by two to reach 256.

Oklahoma’s count of 11 compared to 75 working rigs a year ago. Across the U.S., the number is 642 fewer than the 898 rigs reported last year at this time. The count includes 557 fewer oil rigs and 88 fewer gas rigs.

In the past week, the number of oil rigs in the U.S. grew by one to reach 181 while the count of gas rigs was unchanged at 72.

The Permian Basin remains the strongest shale play with 125 rigs, same as last week. The Granite Wash remained at only one working rig in Oklahoma and the Texas Panhandle.

The Ardmore Woodford is without a working rig while the Arkoma Woodford stayed at one. The D-J Basin in Colorado has only four working rigs while the Eagle Ford in South Texas is at 9, same as a week ago.

The Mississippian in Oklahoma and South Kansas has no reported working rigs, at least based on the rig-servicing count provided by Baker Hughes. The Haynesville added one rig to reach 36 while the Marcellus continued at 26.

Baker Hughes reported that Colorado had only 5 working rigs in the past week compared to 27 a year ago. Louisiana saw an increase of 3 to reach 37 working rigs, far below the 60 reported last year.

New Mexico’s count added one to reach 47 wile a year ago, the state had 108 rigs. North Dakota saw its count slip by one to 9 while a year ago, there were 54 active rigs.

The count in Texas dropped one to 106, far belong the 438 active rigs last year at this timer. Wyoming still has only one working rig.

Kansas saw an increase of two to reach 12 working rigs according to the Red Top Rig Report published by the Independent Oil and Gas Service based in Wichita.