The latest rig count provided by Baker Hughes Co. showed a slight increase of 3 rigs nationally while Oklahoma’s most recent numbers were unchanged from the previous week. Otherwise, the countless number of oil rigs in storage are gathering more and more dust as they sit unused.
Oklahoma’s count held steady at only 12 drilling rigs compared to the 62 reported one year earlier. But nationally, the count increased in the past week to 269 including four more oil drilling rigs to reach 193 and the decline of gas rigs by one to 73.
The nation’s rig count remains dramatically below the 2019 figures. It is down 587 from the 856 reported last year at this time and includes the loss of 519 oil rigs and 70 gas rigs. Meanwhile, Canada saw an increase of 5 rigs in the past week to reach 80.
Oklahoma’s count of 12 rigs compared to 116 in Texas where there was an increase of three in the past week. Texas had 420 active rigs one year earlier.
Colorado stayed at 5 rigs compared to 24 a year ago. The Red Top Rig Report published by the Independent Oil and Gas Service in Wichita, Kansas reported the Kansas rig count increased by two in the past week to reach 9.
Louisiana stayed at 40 rigs while New Mexico added one to reach 45, far below the 112 reported last year. North Dakota was unchanged at only 10 working rigs and Wyoming continued with only one rig.
Oklahoma’s Ardmore Woodford remained void of any drilling activity while the Arkoma Woodford stayed at one rig. Colorado’s D-J Basin reported four working rigs, down from the 21 a year ago.
The Permian Basin of West Texas and southeast New Mexico saw an increase of one rig to reach 130. Compare that with the 421 rigs working in the basin last year.
The Eagle Ford of South Texas saw an increase of one to reach 13 rigs, dramatically below the 60 reported a year ago. The Granite Wash in Oklahoma and the Texas Panhandle reported only one working rig while the Mississippian in Oklahoma and southern Kansas had no rig activity.
The Haynesville stayed unchanged at 36 while the Marcellus count declined by one to 25. The Williston in North Dakota and eastern Montana was unchanged at 11, far below the 55 reported a year ago.
Source: Baker Hughes Co.
