Higher crude oil prices attract more drilling interest in Oklahoma

 

The latest Baker Hughes Co. rig report shows Oklahoma’s count grew to 20 while nationally the numbers increased by two to 432. It’s a sign that crude oil prices around $60 a barrel are slowly attracting more drilling interest in the state and across other oil and gas-producing states.

Oklahoma’s count increased by one in the past week. A year ago, the state had 26 working oil and gas rigs.

Nationally, the number of oil rigs in the field remained unchanged at 337 while the number of gas-drilling rigs increased by two to 93. The U.S. count is still 170 fewer than a year ago when there were 602 active rigs. In the past year, the decline includes 167 fewer oil rigs and 3 gas rigs.

Texas remains strongest with an unchanged count of 209 rigs compared to the 302 it had last year at this time. Colorado remained at 10 and Louisiana slipped by one to 46 working rigs.

New Mexico was unchanged at 70. North Dakota stayed at 14. Ohio’s count increased one to 10. Pennsylvania continued at 19 while West Virginia was unchanged at 11 rigs. Wyoming’s count slipped one to four.

The Red Top Rig Report published by the Independent Oil and Gas Service in Wichita reported the Kansas count grew by one to 19. A year ago, there were only 8 rigs active in Kansas.

Oklahoma’s Ardmore and Arkoma Woodford plays remain empty of rig activity. The Granite Wash has one rig. The D-J Basin, according to Baker Hughes had an unchanged count of 7 rigs.

The Eagle Ford of South Texas stayed at 33 while the Haynesville grew by one to 45. The Permian Basin was unchanged at 224. The numbers in the Utica play increased one to 10.